Local governments provide a wide variety of services to Indiana residents, which are financed by some combination of taxes, local revenues, and state aid. In Indiana, three major taxes provide most local government tax revenue: property taxes, local income taxes, and motor vehicle excise taxes. How these and the remaining miscellaneous revenues are assessed or calculated is complex and a failure to understand the details can lead to poor planning and budgeting. Completing this workshop will result in a deeper understanding of municipal finance and more effective long-term forecasting.
Speaker:
Fred Van Dorp, Budget Director, Department of Local Government Finance