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Marshall County projects healthy reserves but braces for state tax changes
Summary
County officials reported rising fund balances and a larger-than-expected year-end reserve, while warning that pending state legislation — including property-tax reduction proposals and income-tax reforms — could reduce local revenues and force budgeting decisions over the next two to three years.
Marshall County officials on the joint work session discussed the county’s fiscal position and several pieces of pending state legislation that could reduce local revenue. County leaders said combined general and rainy-day balances rose in the most recent year, and that the county has room to absorb near-term changes — but warned of revenue losses tied to bills moving through the Indiana General Assembly.
County officials said combined general and rainy-day funds ended the year at about $13,417,000 and that the county closed the year with increased cash balances after conservative departmental spending. Officials emphasized that the county is “in very strong fiscal health” and leaving ample reserves while spending down a separate jail fund as required by statute.
The meeting focused on three pending state measures as drafted at the time of…
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