NOTICE TO TAXPAYERS OF BUDGET ESTIMATES AND TAX LEVIES Notice is hereby given the taxpayers of Claypool Town of Kosciusko County, Indiana, that the County Council, Common/Town Council or Board of Claypool at Clerk's Office, 408 South Graceland Avenue on October 20, 2008 at 6:00 p.m. will conduct a public hearing on the budget. Following this meeting, any ten (10) or more taxpayers may object to a budget, tax rate, or tax levy by filing an objecting petition with the proper officers of the political subdivision within seven (7) days after the hearing. The objecting petition must identify the provisions of the budget, tax rate, or tax levy that taxpayers object to. If a petition is filed, the political subdivision shall adopt with its budget a finding concerning the objections filed and testimony presented. Following the aforementioned meeting, the fiscal body will meet at Clerk's Office, 408 S. Graceland Ave., on November 3, 2008 at 6:00 p.m. to adopt the following budget Net Assessed Valuation 6,800,000 Complete details of budget estimates by fund and/or department may be seen at the Clerk Treasurer's Office. BUDGET ESTIMATE MAXIMUM ESTIMATED BUDGET FUNDS TO BE RAISED EXCESSIVE LEVY CURRENT TAX FUND NAME ESTIMATE (Including Appeals & APPEALS LEVY Levies Exempt From (Included In Max. Levy Limitations) Column 3) General 203,408 80,000 150,854 LR&S 57,000 MVH 73,011 73,000 68,295 CCI 12,000 Cedit 150,000 TOTAL 495,419 153,000 219,149 The 2009 estimated maximum levy limitation for this unit is 74,843 The Property Tax Replacement Credit used to reduce the rate for this unit is -0- Taxpayers appearing at the hearing shall have an opportunity to be heard. Pursuant to IC 6.1.1-17-13, after the tax levies have been determined, fixed by the appropriate governing body, and the tax rates published for the County Auditor, then ten or more taxpayers or one (1) taxpayer that owns property that represents at least ten percent (10%) of the taxable assessed valuation in the political subdivision may initiate an appeal from the county board of tax adjustment's action on a political subdivision's budget by filing a statement of their objections with the County Auditor. The statement must be filed no later than ten (10) days after the publication of the notice. The statement shall specifically identify the provision of the budget and tax levy to which the taxpayers object. The County Auditor shall forward the statement, with the budget, to the department of Local Government Finance. Date: October 3, 2008 Arlene Leiter, Clerk-Treasurer o8,15