Kokomo Tribune; Kokomo, Indiana

Local News

October 23, 2012

Harrison Twp. eyes dipping into reserves

Township set to run out of money soon

Kokomo — Faced with the likelihood the township will run out of money next year, Harrison Township officials are considering dipping into their dwindling reserve funds.

Last week township officials indicated they will vote Nov. 5 whether to move $32,000 out of an investment account.

Harrison Township Trustee Joyce Ancil said the money may be used for a number of purposes, but the township is running low right now on funds for poor relief.

The move comes as annexation and overspending have put the township in a precarious spot.

Next year, unless state officials allow a significant tax increase, the township’s revenues only are expected to fund about half of Ancil’s proposed budget. Ancil has a proposed budget of $235,000 next year, but county officials estimate she’ll receive about $118,000 to fund that budget, leaving her with a $117,000 deficit.

Unfortunately for township officials, it doesn’t appear the township will make it through the present year without spending down reserves.

Ancil said Monday she didn’t know offhand how much the township will have left if it spends an additional $32,000 over and above this year’s budget.

But the township’s last audit, for the years 2009-10, showed a little more than $100,000 in reserve.

And while the township was deficit spending prior to the annexation, losing 46 percent of the tax base has exacerbated an already serious problem.

“Our poor relief costs have gotten so high, I don’t think we’ll have enough,” she said.

Ancil said the township wanted to consider consolidation with the other townships within the Western school district, but couldn’t get Honey Creek and Monroe townships to go along.

In eastern Howard County, Jackson, Liberty and Union townships have agreed to a referendum question on the November ballot. Ervin, Howard and Clay townships have also agreed to a referendum.

Consolidation could save Harrison Township taxpayers from having to bear the brunt of the trustee’s revenue problems.

According to the Howard County Assessor’s Office, the tax rate for fire protection in Harrison Township is supposed to increase by 89 percent next year, going from about 5.2 cents per $100 to 9.7 cents per $100.

* Scott Smith can be reached at (765) 454-8569 or at scott.smith@kokomotribune.com

Text Only | Photo Reprints
Local News
  • Flooded area - E Murden 01 Jaimz family seeks closure after losing everything Ashley Jaimz and her sister, Amanda Urbina, took a drive through the Cedar Crest neighborhood the other day to view how residents were faring in the wake of a Nov. 17 tornado. The drive was intended to provide some closure to Jaimz, who is still stru

    April 20, 2014 1 Photo

  • NWS - FEMA 03 Kokomo resident whose basement collapsed during flood repairs own home Walter Raderstorf can still remember sitting in his living room inside his home on West Park Avenue, realizing he had escaped a brush with death. “I was in the basement carrying stuff up and I came in here and sat down,” he said. “It wasn’t 30 second

    April 20, 2014 2 Photos

  • Late Kokomo teacher dedicates estate to foundation Longtime Kokomo School Corp. teacher Holly Kirkpatrick will continue to have a positive impact on students thanks to a $38,000 donation from her estate to the Kokomo Public Schools Education Foundation. Kirkpatrick died in November 2012 after teachin

    April 20, 2014

  • flood anniversary Thomas family ready to move on after flood In the Thomas household, few things take precedent over baseball. You’d be hard-pressed to find a couple more dedicated to youth baseball in Kokomo — or anywhere else for that matter — than Michael and Lashanda Thomas, who have passed that love of th

    April 20, 2014 1 Photo

  • OBT - Lutz obit pic James R. Lutz James R. Lutz, 72, Kokomo, passed away at 5:10 p.m. Friday, April 18, 2014, at his home after a courageous battle with cancer. Jim was born Sept. 8, 1941, in Elizabethtown, Ky., to John and Stella (Cartwright) Lutz. In 1961, he married Shirley L. (Mi

    April 20, 2014 1 Photo

  • EasterEgg hunt 10 'Controlled chaos' at city's Easter egg hunt With buckets and Easter baskets in hand, hundreds of kids 10 years old and younger packed Kokomo's Northwest Park Saturday to see who could grab up the most Easter eggs. Organizers split the kids up in three age groups, 0 to 3, 4 to 6 and 7 to 10, wi

    April 20, 2014 4 Photos

  • NWS-FloodFollowDay2-15.jpg April flood brought people together to bail out community

    [Editor’s note: On April 19, 2013, a record flood hit Howard and Tipton counties. Today, we look at some of the financial aspects of the flood. In Sunday’s edition, look for stories about people who were affected, what has changed in the floodplains and how the communities are moving forward.]

    April 19, 2014 1 Photo

  • NWS-KT041914-TwoinjuredinMiamiCocrash-CLG-pic.jpeg Two injured in Miami County crash

    PERU — Two people were injured Thursday afternoon in a two-vehicle crash at the intersection of U.S. 24 and Ind. 19.

    April 19, 2014 1 Photo

  • Farmer loses seat belt fight on appeal

    Denver-area farmer Thomas Fox doesn’t like to wear his seat belt.
    But after his lengthy fight with the Indiana courts over a seat belt violation, Fox may be rethinking his stance.

    April 19, 2014

  • NSC establishes number of transfers

    Northwestern School Corp. has decided how many transfer students the district can accept next school year in compliance with the state's relatively new open enrollment law. This is the first time Northwestern has announced vacancies at each grade lev

    April 19, 2014

Latest news
Featured Ads
Only on our website
AP Video
Raw: Greeks Celebrate Easter With "Rocket War" Police Question Captain, Crew on Ferry Disaster Raw: Orthodox Christians Observe Easter Rite Ceremony Marks 19th Anniversary of OKC Bombing Raw: Four French Journalists Freed From Syria Raw: Massive 7.2 Earthquake Rocks Mexico Captain of Sunken SKorean Ferry Arrested Raw: Fire Destroys 3 N.J. Beachfront Homes Raw: Pope Presides Over Good Friday Mass Raw: Space X Launches to Space Station Superheroes Descend on Capitol Mall Man Charged in Kansas City Highway Shootings Obama Awards Navy Football Trophy Anti-semitic Leaflets Posted in Eastern Ukraine Raw: Magnitude-7.2 Earthquake Shakes Mexico City Ceremony at MIT Remembers One of Boston's Finest Raw: Students Hurt in Colo. School Bus Crash Raw: Church Tries for Record With Chalk Jesus Raw: Faithful Celebrate Good Friday Worldwide Deadly Avalanche Sweeps Slopes of Mount Everest

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.