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Parks staff outlines financial sustainability plan as town adviser warns of state law changes affecting local revenues
Summary
Parks staff previewed a financial sustainability policy to diversify revenue sources and align fees with operating costs. Town financial adviser Tim Berry briefed the board on Senate Bill 1 and how changes to Indiana's property-tax and local-income-tax rules could constrain local revenues in coming years.
ZIONSVILLE, Ind. — Parks staff told the Park and Recreation Board on Aug. 13 they are drafting a financial sustainability policy to help the department maintain service levels amid constrained local revenue, and the town's financial adviser briefed the board on recent state legislation that will change how local governments receive certain revenues. Parks staff said the work will include a review…
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