In a recent government meeting, officials discussed the implementation of a special benefits tax, emphasizing that only one entity—either the city or the township—can administer it, as mandated by the Department of Local Government Finance (DLGF). The current interlocal agreement designates this authority solely to the city, allowing for local decision-making regarding the tax's administration.

The conversation also highlighted the city's recent issuance of geo refunding bonds, which align with Carmel's consistent tax rate management. In contrast, Clay Township has shown more volatility in its tax rates. Officials noted that the township could potentially leverage its tax rate to fund park system improvements, with a cent increase in the tax rate generating approximately $1.2 million annually. This could translate to around $12 million over a 20-year period for necessary parks infrastructure.

The meeting underscored the importance of quantifying community needs to develop a viable funding strategy, suggesting that a clear understanding of the financial requirements could guide future tax rate adjustments.