From the Elkhart Truth:
The loss this year in property tax revenue to some of the largest taxing units in Elkhart County — a point of concern for many — will be about as big as anticipated in an earlier set of estimates.
Elkhart Mayor Dick Moore, Goshen Mayor Allan Kauffman, Elkhart County leaders and officials at the largest school districts here have all expressed concern about the loss of revenue due to property tax caps. Less property tax funds raises the specter of budget cuts or other measures to offset the losses, and the officials say they’re wrestling with how to deal with the dip in money.
...
Here’s a look at how the biggest taxing units will be impacted, per the new numbers:
• The city of Elkhart will lose $10.69 million to tax caps, a bit less than Umbaugh’s estimate of $10.71 million.
• Elkhart Community Schools will lose $5.62 million, less than Umbaugh’s $6.27 million estimate.
• Elkhart County will lose $4.37 million, close to Umbaugh’s $4.56 million estimate.
• Goshen will lose $3.79 million compared to Umbaugh’s $3.75 million estimate.
• Concord schools will lose $3.69 million compared to Umbaugh’s $3.66 million estimate.
• Goshen schools will lose $3.42 million, less than the earlier $3.77 million estimate.
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See the full article here:
http://www.elkharttruth.com/article/20130409/NEWS01/704099963
