PRINCETON — Gibson County Council Chairman Jeremy Overton said Tuesday he thinks it’s time to come up with a new financial plan to prepare for the impact of the district’s expiring funding increases Patoka-Union Township tax and other issues.
He said Baker Tilly councilors completed the last financial plan in 2018, but he thinks it’s time to update the plan. The Gibson County Redevelopment Commission paid for the latest plan, he said, noting that the TIF district’s expiration will have the biggest impact on taxing unit finances.
Overton said that when the full assessment of Toyota ownership is passed, a significant drop in the tax rate could occur for the rest of the owners, but noted that the state sets a limit on the growth of tax levies from local governments.
Overton also proposed reintroducing a county compensation committee. “In 2016 we passed a wages ordinance which created a remuneration committee,” he said, but the committee faced opposition and was not implemented.
Following the pay realignment for county paramedics, Overton said he expects other department heads to want to talk about salaries.
Overton proposes a compensation committee consisting of three council members, the county auditor and the auditor’s assistant payroll as ex-officio members to serve in an advisory capacity on salary policy and salary adjustment matters.
Overton said the first time the committee was proposed, he felt there was a misunderstanding of its role.
“There would be a review of the job description when a position becomes vacant,” he said, and the committee could make recommendations to the full board.
Councilman Derek McGraw said he agreed the opposition to the committee six years ago was “misinformed”.
In another discussion, Councilman Jay Riley reported that the committee overseeing spending requests for the county’s $6.53 revenue under the US bailout law is finalizing the details of the project requests.
Riley said after hearing applications for more than $11 million worth of projects, the committee learned that only county government projects would be eligible for the funds, which would bring projects closer to available funds.
Once applications are finalized, projects can be submitted until September. Funding will be awarded on the basis of a rating system, he said.