2006 Indiana Code - CHAPTER 22. FORMULATION OF SCHOOL CORPORATION BUDGET; ESTIMATION OF TAX REVENUE
IC 21-4-22Chapter 22. Formulation of School Corporation Budget; Estimation of Tax Revenue
IC 21-4-22-1
Formulation of budget; estimation of tax revenue
Sec. 1. In the formulation of a budget by the proper legal officers
of any school corporation, and in estimating the probable amount of
tax revenue which such school corporation will collect on taxable
property within its jurisdiction for and during the year for which such
budget is being formulated and for which appropriations are to be
made and in calculating the tax levy which is to be made for the
ensuing year, such officers shall take into consideration the average
percentage of actual tax collections including delinquencies, from
such taxable property during the past three (3) years not exceeding
one hundred per cent (100%), and shall estimate such probable
amount of tax revenue by the use of such average percentage.
(Formerly: Acts 1957, c.139, s.1.)
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