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Tippecanoe County auditor reports $1.02 million circuit-breaker revenue; proposes $3 million health-insurance set-aside
Summary
At the May 13 Tippecanoe County Council meeting the auditor reported updated circuit-breaker figures that raised the general fund beginning balance and said staff will propose a $3 million health insurance reserve for this year and next.
The Tippecanoe County auditor reported updated property-tax “circuit breaker” figures and proposed a $3 million set-aside for health insurance during the council’s May 13 meeting.
The auditor said the county had estimated a 5% impact from tax caps but the actual circuit-breaker impact came in at 3%, yielding $1,024,985. “So that gives us a new beginning net balance of $7,996,572,” the auditor…
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