From the Greenfield Banner-Graphic:
The South Putnam School Corporation recently got some unwelcome news as it was informed of a mistake made on a tax abatement with POET of Cloverdale.
Through an error in the county auditor's office, POET's 10-year tax abatement was not taken into account, thus a much higher assessed value for the corporation was sent to the Department of Local Government Financing (DLGF).
This error could result in a nearly $200,000 shortfall in the upcoming budget.
"The bottom line here is that the way it was sent to the DLGF, who determines all of our budgets, our assessed value was too high because the abatement wasn't taken into account," explained Superintendent Bruce Bernhardt. "It affects the amount of money that we receive in taxes."
Bernhardt went on to say that the error had nothing to do with the corporation's fault or the current auditor Lorie Hallett. However, by having a much higher assessed value for the POET property resulted in the corporation having a much higher assessed value.
"The tax rate that was set now won't bring in enough money for what they had given us in our budgets," said Bernhardt. "The current auditor had contacted DLGF and had explained to them what she had found. I'm concerned the answer is going to be, 'well you have a shortfall and there's nothing we can do about it and you're just out $200,000.'"
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See the full article here:
http://www.bannergraphic.com/story/1971766.html
