News

Investors, the State of the Indiana Intercept is Strong

Posted by on Feb 26, 2015 in News | 0 comments

Reposted from the Bond Buyer with permission of the author The Feb. 17 article “Indiana School Default a Warning to Investors” questioned the effectiveness of Indiana’s intercept program in preventing a default. As a global matter, all investors should understand the security pledged to the payment of principal of and interest on any of the bonds that it owns, as well as the operation of the mechanism providing for such payment. However, when it comes to Indiana school bonds, any doubts as to the quality or effectiveness of...

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Indiana municipal budgets

Posted by on Dec 29, 2014 in Government Finance Academy | 0 comments

As the year comes to a close, many counties in the State are receiving their 1782 Notices and we should be seeing the first budget orders next week as well.   A question arose last week about why some counties are running so far ahead of others. The Department of Local Government Finance obviously has to await the completion of the budget approval and adoption process that every municipality completes in the fall each year.  It is our understanding then that the DLGF uses the date on which the county certified Net Assessed Values to the State...

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DLGF announces budget notices for all local governments online on new site

Posted by on Sep 22, 2014 in News | 0 comments

New Budget Notices Website Launched INDIANAPOLIS (September 22, 2014) – The Indiana Department of Local Government Finance has created and launched a new statewide budget notice website that will provide taxpayers with the ability to view local government budget notices in one central online location. These notices can be viewed any time, day or night once submitted by the local units. Additionally, if a taxpayer wants to look at the budget notices for multiple areas, they can now do so using this one centralized location.  ...

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Valparaiso announces Tech Foundry

Posted by on Jun 23, 2014 in News | 0 comments

Mayor Costas Welcomes The Tech Foundry Business Accelerator   VALPARAISO, IN. (JUNE 23, 2014) – Mayor Jon Costas announced the launch of The Tech Foundry Startup Accelerator program, in partnership with Elevate Ventures and the state of Indiana. The goal of The Tech Foundry is to help technology companies meet the challenges facing a start-up, enhancing their success and speeding their entry to the marketplace. The Valparaiso-based Tech Foundry will be the first business accelerator in Northern Indiana and the second in the state of Indiana....

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MSRB reports on VRDO and ARS

Posted by on Jun 18, 2014 in News | 0 comments

  Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today published its most recent statistical report on trading, interest rate and other characteristics of the municipal variable rate securities market. The report, “Municipal Variable Rate Demand Obligations and Auction Rate Securities: Interest Rate and Trading Trends,” updates earlier trend analysis and provides information on municipal variable rate securities through March 2014.   The report includes annual trend information on the size of the market for...

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Municipal Finance Today

Posted by on Apr 3, 2014 in News | 0 comments

Some articles worth perusing today for those that, like us, are all about municipal finance and municipal bonds in Indiana. The Week in Public Finance over at Governing recaps quite a few national bond related stories. MSRB has proposed new regulations for municipal advisors, namely professional qualifications and registrations.   Watch for more detail as these regulations become firm over the next six months. Are Indiana’s tax caps causing municipalities to compete with each other?   “Justin M. Ross, assistant professor of public...

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Thank You Veterans

Posted by on Nov 11, 2013 in News | 0 comments

Thank You Veterans

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Assessing Real Estate in Indiana

Posted by on Oct 22, 2013 in Government Finance Academy | 0 comments

Assessing Real Estate in Indiana

A significant percentage of your local government is funded by property taxes, not just your city or town but your library and parks, your county and township, your fire district and local schools too.    Indiana Code (IC 6-1.1-31-6(c)) provides that “with respect to the assessment of real property, true tax value does not mean fair market value.  Subject to this article, true tax value is the tax determined under the rules of the department of local government finance.” For the most part I will try not to use a bunch of...

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A series on understanding local government finances

Posted by on Oct 22, 2013 in Government Finance Academy, News | 0 comments

A series on understanding local government finances

Much of the consulting work we provide to Indiana municipal subdivisions is fundamentally rooted in municipal finance and the fund accounting and budgeting process spelled out in Indiana State statutes.   Although the Department of Local Government Finance, DLGF, attempts to make municipal finance understandable – in short, it’s not all that easy to follow the debits and credits. Once a week I will be trying to write a post about some part of municipal finance law, regulation, or analysis.    Since the State of Indiana has...

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Today in Indiana Municipal Management

Posted by on Jun 21, 2013 in News | 0 comments

Today in Indiana Municipal Management

A quick list of interesting reads we came across today in the Indiana Municipal Management and governance niche: Mega deals in excess of $75 million are on the increase, as states ramp up their incentive offers to land big economic development commitments.   States Awarding Big Tax Inventives After years of slowly and steadily declining municipal bond rates, this week marked a dramatic turnaround.  Have we seen the bottom?  Is the recovery in full rise, and thus rates will go along for the ride?  Treasuries and all bond markets lowest in...

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