I have put together the information as best I could tease it from the information sent to me by the Indiana Department of Local Government Finance and the individual taxing units.
I obviously previously missed a couple more taxing units, including the City of Lawrence. I will continue to contact these units for their debt information and include it in the table below as well as in my previous post as I get it.
For the Indianapolis Sanitary Districts, I pulled together any bonds that mentioned sanitary. (they are included in the City-County-H&H-CIB data in my last blog, but pulled out this time)
For the Indianapolis Redevelopment Commission (MDC), I pulled out any bonds that were being repaid from TIF revenues. (they are included in the City-County-H&H-CIB data in my last blog, but pulled out this time)
I continue to put City and County and Health & Hospitals and CIB together, as H&H claims debt obviously owed by the CIB and the County claims debt obviously owed by H&H.
The debt limit is calculated by the DLGF as follows: The total Assessed Value of the property that may be taxed by a unit is divided by 3 and that result is multiplied by 0.02 (2%).
With all that said, the taxing units that have less debt than allowed under the Indiana Constitution are noted with an asterisk (**). Those whose debt numbers I still do not have are noted with a question mark (?).
|Unit||Debt Limit ($)||Debt Reported ($)|
|Indy Sanitary (Liquid + Solid)||"subject to other debt limit"||501,391,250|
|Redevelopment Commission of Indianapolis (MDC)||212,373,890||269,833,765|
|MSD Decatur Tnsp||7,071,079||159,641,968|
|Franklin Tnsp Comm School Corp||11,416,011||247,941,361|
|MSD Lawrence Tnsp||29,675,510||211,025,794|
|MSD Perry Tnsp||20,627,717||145,727,199|
|MSD Pike Tnsp||30,686,229||64,185,000|
|MSD Washington Tnsp||33,007,227||78,714,000|
|MSD Wayne Tnsp||16,976,955||283,699,131|
|Beech Grove City Sch Corp||2,571,309||50,110,205|
|Speedway City Sch Corp||**||3,844,042||no debt|
|Center Township||?||29,000,062||not reporting|
|Perry Township||**||22,547,734||no debt|
|Pike Township||**||31,369,419||no debt|
|Warren Township||**||21,436,824||no debt|
|Washington Township||**||46,090,982||no debt|
|Speedway City Civil Town||3,844,042||74,451,630|
|Speedway City Public Library||**||3,844,042||205,000|
|Homecroft Civil Town||**||150,724||no debt|
|Rocky Ripple Civil Town||**||114,792||no debt|
|Spring Hill Civil Town||**||71,049||no debt|
|Lawrence Civil City||?||8,754,888||not reporting|
|Lawrence City Redevelopment Commission||?||8,754,888||not reporting|
|Beech Grove Civil City||?||2,746,786||not reporting|
|Beech Grove Pubil Library||**||2,571,309||1,923,950|
|Clermont Civil Town||?||336,605||not reporting|
|Meridian Hills Civil Town||?||1,258,619||not reporting|
|Warren Park Civil Town||?||274,211||not reporting|
|Williams Creek Civil Town||?||501,155||not reporting|
|Wynnedale Civil Town||?||88,673||not reporting|