2021 County Budget

Sep 1, 2020. BCD. County adjusts budget requests for 2021; forecast revenue drops around 5 percent By

Aug 21, 2020. Brown County Matters – Notes from the hearings.

County Council – Budget Hearings Aug 17-19, 2020 – Notes.

o. Potential GOOD News – Projected costs expected to be less than projected revenue by roughly 147K at this point. Kudos to the Offices and Departments that provide in the words of the county consultant, “reasonable and workable” budgets. State and federal grant money also helped to supplement lost revenue due to Covid.

o. Near Final Budget for 2021. This will occur in October which provides the needed time to confirm overall assessed property values, revenue projections from the state and feds (grant money), and county costs. The State also builds in a “growth” related increase (3-4% range?). The county can opt to decline this increase that generally results in passing on modest increases in tax rates. Note also that the council’s “budget” determines the extent of any property tax increases..

o. Music Center / Convention Visitors Commission (CVC). The bank is requiring that the Music Center retain 50%of the revenue from the innkeeper’s tax to help ensure the venue can meet interests and principal payments. The county “loaned” the center up to $150K from the motor vehicle fund to cover interest payments and it is expected that interest only payments will continue through the first quarter of next year.

o. Music Center / Convention Visitors Commission (CVC). The bank is requiring that the Music Center retain 50%of the revenue from the innkeeper’s tax to help ensure the venue can meet interests and principal payments. The county “loaned” the center up to $150K from the motor vehicle highway fund to cover interest payments. It is expected that interest-only payments will continue through the first quarter of next year.cision-making.

o. Music Center / Convention Visitors Commission (CVC). The bank is requiring that the Music Center retain 50%of the revenue from the innkeepers tax to help ensure the venue can meet interests and principal payments. The county “loaned” the center up to $150K from the motor vehicle highway fund to cover interest payments. It is expected that interest-only payments will continue through the first quarter of next year.

o. Note that by Statute (
IC 6-9-14), the council is responsible for reviewing and approving the CVC budget which in the past has basically consisted of the CVC identifying the amount of revenue expected and that will be spent (generally, all of it). This hands-off approach contributed to the council not requiring a hold-back of revenue to cover mortgage payments vice the bank having to step-in. Before the Music Center, over 90% of the revenue was transferred to the Convention Visitors Bureau (CVB) (a non-profit) that was responsible for marketing and promoting tourism.

o. Music Center – County Meetings. I may have been the only citizen that attended all three sessions. No waiting in line and a wide range of seating choices. 🙂 Suzannah Couch from the Democrat also attended all the sessions – looking forward to reading about her perspective.

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