NOTICE TO TAXPAYERS OF BUDGET ESTIMATES AND TAX LEVIES Notice is hereby given the taxpayers of Elkhart and Kosciusko County, City of Nappanee, Indiana that the Common Council of the Civil City of Nappanee, at 300 W. Lincoln Street, Nappanee, IN on September 2, 2008 at 7:00 pm will conduct a public hearing on the budget. Following this meeting, any ten 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 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 300 W. Lincoln Street, Nappanee, IN on September 15, 2008 at 7:00 pm to adopt the following budget. Net Assessed Valuation 234,241,802 Complete details of budget estimates by fund and/or department may be seen at the Clerk Treasurer's Offices. BUDGET ESTIMATE MAXIMUM ESTIMATED BUDGET FUNDS TO BE RAISED EXCESSIVE LEVY CURRENT TAX TOWNSHIP FUNDS ESTIMATE (Including Appeals & APPEALS LEVY Levies Exempt From (Included In Max. Levy Limitations) Column 3) General 4,600,171 2,888,204 100,000 2,477,648 Motor Vehicle Highway 746,818 174,042 216,932 Park and Recreation 848,626 454,664 327,312 Aviation 83,050 75,660 43,067 Police Pension 96,746 19,676 42,429 Cumulative Fire Equipment 200,000 93,697 75,288 Cumulative Capital Development 200,000 140,545 112,613 Cumulative Capital Improvement 150,000 Local Roads and Streets 70,000 County Ex. Dev. Inc. Tax 686,249 Aviation Rotary 45,000 P&R Non-Revert-Golf 0 P&R Non-Revert-Camp 22,154 P&R Non-Revert-Spec Rec 59,800 Law Enforcement Cont. Ed 10,000 TIF West Industrial Park 400,000 Home and School Safety 600 Riverboat Rev. Sharing 80,000 TIF Heritage Farms 200,000 TIF City Wide 175,000 GRAND TOTAL 8,674,214 3,846,488 100,000 3,295,289 The 2009 estimated maximum levy limitation for this unit is 3,427,380 The Property Tax Replacement Credit used to reduce the rate for this unit is -0- in Kosciusko County and $118,000 in Elkhart County. 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 (10) 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. Kimberly A. Ingle, IAMC, CMC, Clerk-Treasurer Date: August 21, 2008 a21,28