§ 5-14-3.8-8 — Development of fiscal health indicators; publication on Internet dashboard

Indiana § 5-14-3.8-8

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 14: PUBLIC RECORDS AND PUBLIC MEETINGS
• Ch. 3.8: Access to Financial Data for Local Units

Text

(a) The department shall develop indicators of
fiscal health for evaluating the fiscal health of a political subdivision.
The department may consider including any of the following in the
indicators developed under this subsection:
(1) The cash balance of a political subdivision.
(2) The debt to revenue ratio of a political subdivision.
(3) The condition of a political subdivision's property tax base and
income tax base, if any, as measured by both the assessed value
of the political subdivision and the amount of per capita revenue
generated from the political subdivision's tax bases.
(4) The per capita amount of a political subdivision's general fund
operating revenue or in the case of a school corporation, the
school corporation's education fund and operations fund revenue.
(5) Any trends in the amount of a political subdivision's tax
revenue.
(6) Whether a political subdivision maintains a structural deficit
or a structural surplus.
(7) The number and size of the tax increment financing districts
designated by a redevelopment commission established by the
political subdivision, if any.
(8) The extent that the political subdivision is affected by tax
increment financing districts.
(9) The extent that the political subdivision's property tax base is
affected by exempt properties.
(10) The political subdivision's bond rating.
(11) The amount of retiree benefits paid by the political
subdivision.
(12) The amount of pension contributions paid on behalf of the
political subdivision's employees.
(13) Any other factor that the department considers relevant to
evaluating the fiscal health of a political subdivision.
(b) The department shall use the indicators developed under
subsection (a) and the associated fiscal data to present the information
for evaluating the fiscal health of a political subdivision on the Indiana
transparency website. The information must be presented in a manner
that:
(1) can be conveniently and easily accessed from a single web
page; and
(2) is commonly known as an Internet dashboard.
The information must be available on the Indiana transparency website
in the format required by this subsection before July 1, 2015.
(c) Neither the department of local government finance nor any
other state agency may use the fiscal health indicators developed under
this section to assign a political subdivision a summative grade.

Legislative History

As added by P.L.84-2014, SEC.6. Amended by P.L.244-2017, SEC.8; P.L.1-2025, SEC.67.