The Governmental Accounting Standards Board (GASB) issued in 2012 new accounting standards for local and state governments to show better transparency in what they owe for pensions. Continue reading →
WalletHub.com recently did a study titled “2015’s Best & Worst Cities to Start a Career”. The study looked at 150 U.S. cities and used 19 key metrics to find out how cities ranked for young people starting a career.
One stat that popped out was Fort Wayne, Indiana being in the Top Five for housing affordability.
One being the best and 150 being the worst, Indianapolis graded out at 92 and Fort Wayne was 103.
Indiana public schools are swinging into full gear and with that, their financial books are starting to get published in the back pages of your local newspaper. Most of their financial information from a broad spectrum is posted on the state website and can be found in the Department of Education “School Financial Reports” portal.
The debt held by public education has swelled in recent years in municipalities. For numerous years, Indiana school boards were able to pass tax increases and spending agendas without much say from the public. Since 2008 school boards must get these items on a ballot for voters to decide.
Here are some listings of a handful of school corporations around the state and how much “total principal” they owe. Time period covered is July 1, 2012 to June 30, 2013:
Brownsburg $188 Million
Avon $236 Million
Indianapolis Public Schools $642 Million
South Madison Schools $69 Million
Greenwood Community $20 Million
Plainfield Community $127 Million
Greenfield-Central Com Schools $96 Million
Carmel Clay Schools $153 Million
Zionsville Community Schools $200 Million
Fort Wayne Community Schools $133 Million
Rochester Community $13 Million
Seymour Community Schools $22 Million
Vincennes Community $31 Million
Lake Station Community Schools $15 Million
Tell City-Troy Twp School Corp $24 Million
Fremont Community Schools $5 Million
Vigo County School $58 Million