Legislature Considers Fiscal ?Dashboard? for Governmental Units
by Sammy Edmonds
posted Feb 14 2014 3:44PM
The state would give local governments and school corporations a fiscal checkup under a bill being considered in the Indiana House.
The Senate unanimously approved the bill to create an Internet dashboard showing schools and municipalities‘ cash on hand, the size of their tax base, how much debt they have, and whether they‘re spending more than they take in.
State Representative Ed Charbonneau says all that information is already available, but hasn‘t been brought together in a single place where taxpayers can see how healthy their community‘s balance sheet is.
If the bill passes, the state Department of Local Government Finance would be required to set up the website by next January.