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Madison County auditor outlines cash flow; council discusses hiring Reading Financial Group to analyze Senate Bill 1 impacts
Summary
The county auditor presented updated cash-flow projections showing a year-end balance target and highlighted a $2 million advance on property-tax draws. Councilors discussed hiring Reading Financial Group (capped fee $15,000) to model how Indiana's Senate Bill 1 will affect assessed values, levies and local income tax shares.
Madison County's auditor reviewed the county cash-flow spreadsheet at the council's August meeting, showing a projected year-end general-fund balance and warning of "pinch points" before the property-tax distribution season.
The auditor reported a year-to-date change in appropriations and receipts and noted the county took a $2 million advance on its property-tax…
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