After losing the fire equipment replacement fund for 2013, the town hopes to get it back in the budget for next year.
The Zionsville Town Council unanimously approved an ordinance to establish the fund during a special meeting Tuesday morning, June 18. The fund is used to purchase fire protection equipment and can be saved for large capital purchases.
Greg Wright, of H.J. Umbaugh and Associates, outlined the background for the council.
“In July 2008, reorganization was approved by governing bodies,” he said. “In July 2009, the 2010 budget and tax structure was presented to (the Department of Local Government Finance), which included a separate fire operating and equipment fund. From 2010 through 2012, the DLGF certified budget orders to include fire territory operating and equipment replacement funds. In June 2012, Zionsville was informed by the DLGF that the equipment replacement fund will be eliminated beginning in 2013.”
Wright said new state legislation allows the town to raise the maximum levy of $446,815, which is the same amount as the 2012 equipment replacement fund.
“At this point, we are requesting the maximum statutory rate of $.0333,” he said. “That way you have the option of lowering it during the budget process.”
See Wednesday's Times Sentinel for the full story.