The Indiana Department of Local Government Finance sent out the following memo and charts to help local government organizations better understand the impact of the circuit breaker tax credits on exempt debt and the imperative directions concerning debt payments:
DLGF Memo
Related diagrams of explanation: Unit Payment of Debt Service and Distribution Method with and without exempt rates.
If you have further questions on the application of these memos to your municipal budget, levy, or tax rate please call our office at 219-736-1800 today ... ask for Dan Botich or Karl Cender.
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