Budget Season Review

It is hard to believe, but the 2008 budget season is just around the corner. To assist you in this process, below are listed upcoming important dates. Please note that these deadlines apply to all political subdivisions with the following exception: a school corporation located in a city with a population of more than 105,000 but less than 120,000 may choose an alternative date for adoption pursuant to IC 6-1.1-17.5 and IC 6-1.1-17-5.6.

August 1 – County Auditor certifies assessed values

September 10 – Deadline for first publication of budget hearing and adoption (at least ten (10) days prior to the public hearing)

September 17 – Deadline for second publication of budget hearing and adoption (at least three (3) days prior to the public hearing)

September 19 – Deadline to file excessive levy appeal with Department of Local Government Finance ("DLGF")

September 20 – Deadline for public hearing (at least ten (10) days prior to adoption meeting)

September 30 – Deadline for budget adoption

October 2 – Deadline to file two (2) copies of budget paperwork with the County Auditor

February 15 – DLGF certifies budgets, rates and levies

Please be aware that laws passed in the recent legislative session may affect deadlines and other financial planning aspects of the budget process. For additional information or assistance, please contact us at footnotes@umbaugh.com.