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WARSAW - BUDGET ESTIMATES

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NOTICE TO TAXPAYERS OF BUDGET ESTIMATES AND TAX LEVIES

Notice is hereby given to taxpayers Warsaw, City, of Warsaw, Indiana. That the Common Council of Cit y of Warsaw at Council Chamber City Hall on September 28, 2009 at 7:00 pm will conduct a public hearing o n the budget. Following this meeting any ten or more taxpayers may object to a budget, tax rate, or ta x levy by filing an objecting petition with the proper officers of the political subdivision within seven d ays after the hearing. The objecting petition must identify the provisions of the budget, tax rate, or tax levy th at taxpay ers object to. If a petition is filed, the political subdivision shall adopt with its budget a findi ng concerning the objections filed and testimony presented. Following the aforementioned meeting, the Fiscal Body will meet at Council Chamber City Hall on October 13, 2009 at 7:00 pm to adopt the following budget: Net assessed valuation 803,000,000 Fire Territory Net Assessed Valuation 980,000,000

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
FUND NAME ESTIMATE (Including Appeals & APPEALS LEVY
Levies Exempt From (Included In
Max. Levy Limitations) Column 3)
Park Operational Non Revert 13,431
Motor Vehicle Highway Fund 315,000
Cemetery Fund 552,589 388,756 351,078
Park Fund 1,860,849 1,629,902 1,428,009
Cemetery Perm & Perpetual C 85,000
Aviation Depreciation 150,000
Aviation Fund 718,867 35,000 31,597
Cumulative Capital Imp 42,000
Local Road, Street Fund 120,000
General Bond Fund 258,540 284,334 257,165
Fire Pension Fund 293,325 50,000 43,007
Police Pension Fund 366,690 60,000 44,762
Redevelopment District Gen 116,381 63,849 35,108
Law Continuing Education 15,000
Cumulative Capital Dev Fund 365,000 401,316 438,847
Redevelopment Allocation 1,125,000
Redev Northern Tif Allocation 1,735,460
Rainy Day Fund 16,000
Riverboat Fund 66,659

Economic Dev Income Tax (ED 800,000 General Fund 9,040,819 4,720,448 5,837,547 Fire Territory Operating 3,954,651 3,649,111 Fire Territory Equipment 369,536 537,174 Redevelopment TIR 250,000 180,014 TOTAL 22,380,797 12,069,890 8,815,651

The 2010 estimated maximum levy limitation for this unit is 8,900,000 Fire Territory Maximum Levy Limitation 4,200,000 The Property Tax Replacement Credit used to reduce the rate for this unit is -0Taxpayers 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 rate s 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 subdivisio n may ini tiate an appeal from the county board of tax adjustment’s action on a political subdivision’s budget by fil ing a statement of their objections with the County Auditor. The statement must be filed not later t han ten

(10) days after the publication of the notice. The statement shall specifically identify the provisi on of the budget and tax levy to which the taxpayers object. The County Auditor shall forward the statement, w ith the budget, to the department of Local Government Finance.

Elaine Call, Clerk-Treasurer Date: August 20, 2009 s2,9