Dec 22, 2020
Morton Marcus
This is the final installment, for now, on Indiana townships. Todayâs question is: Could Indiana organize existing township services differently to provide higher quality benefits for citizens and lower costs to taxpayers? Or should township governments be funded more generously with added expectations about the services they provide?
One thing townships do is store money. In 2019, Indiana townships reported $479.2 million in actual cash balances from prior years. That equaled 71% of their $676.5 million budgeted 2019 expenditures. Donât start denouncing such large amounts of money stashed in secure depositories; itâs not lying around on the township office floor. Remember, townships must have money to meet very uncertain expenses.