From the Bloomington Herald-Times:
Governments and public agencies in Monroe County got good news this week when the Indiana Department of Local Government Finance announced that the county will be receiving close to $25.5 million in local income tax revenue in 2013, almost $1.5 million more than for the current year. The sum represents a 6.3 percent increase from 2012’s total, which included the upward adjustment the state made when it discovered earlier this year it had shortchanged counties through an accounting oversight.... The state agency did not announce how the revenue will be divided among the local taxing units in the county, including Bloomington, Ellettsville, Stinesville and Monroe County governments, nine townships, the public library, Bloomington Transit and Perry-Clear Creek Fire Department. That announcement is expected in a few days, McKim posted in his blog, http://in53.wordpress.com. Monroe County government got about 40 percent of the total revenue this year from county option income taxes. If that percentage holds, the county should receive about $600,000 more next year as its share of the increase. McKim’s earlier budget forecasts projected a $713,000 deficit at the end of 2013, but were based on an estimate of a zero income tax revenue increase for the year. His projections also did not factor in money left unspent at the end of the year, which would revert to the county general fund and also contribute to reducing the deficit....
http://www.heraldtimesonline.com/stories/2012/08/04/news.income-tax-revenue-growth-for-county-is-doubly-good-news.sto?1344096684
