Additional Revenue to Local Governments After Correction of State Error

I have previously posted about the recently discovered error by the state in distributing local option income taxes collected on behalf of location governments (see the previous posting here).  This error means that each unit of local government in Monroe County that receives County Option Income Tax (COIT) will receive additional COIT for 2011 and 2012 that was erroneously withheld by the state.

The payments will be made in the form of lump sums paid to each unit for all of 2011 (plus interest), and from January – April of 2012 (again, plus interest). The additional COIT that the state owes to local units for May – December of 2012 will be paid out monthly, simply by increasing the normal monthly COIT payment that each unit receives.

The following table shows the approximate amount that each local unit of government, including Monroe County Government, will expect to receive:

Unit Name Additional 2011 Distribution Additional 2012 Distribution Total Additional COIT  2011-2012
Monroe County  $1,076,351  $1,437,093  $2,513,445
Bean Blossom Township  $3,423  $5,386  $8,810
Benton Township  $6,210  $7,882  $14,092
Bloomington Township  $45,181  $59,551  $104,732
Clear Creek Township  $6,751  $9,089  $15,840
Indian Creek Township  $2,580  $3,392  $5,972
Perry Township  $20,216  $27,557  $47,773
Polk Township  $1,673  $2,278  $3,951
Richland Township  $24,910  $33,258  $58,168
Salt Creek Township  $2,188  $2,968  $5,156
Van Buren Township  $46,666  $59,548  $106,214
Washington Township  $2,734  $3,732  $6,466
Bloomington Civil City  $1,019,514  $1,387,680  $2,407,195
Ellettsville Civil Town  $53,845  $75,213  $129,058
Stinesvill Civil Town  $307  $411  $718
Monroe County Public Library  $286,697  $377,509  $664,206
Bloomington Transportation  $41,706  $56,941  $98,648
Perry-Clear Creek Fire Protection  $54,019  $71,451  $125,471
 $2,694,972  $3,620,940  $6,315,913


Sources:

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