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Indiana
The City of Union City Indiana is funded by the State of Indiana Department of Local Government Finance (DLGF). This funding is derived mainly from property tax, but also from businesses in Indiana which pay property tax on their equipment. Other sources of local funding include fuel tax, gaming tax, and wheel tax.
The budgeting process begins with the local government, members of which compile estimates of budget requirements for the coming year. This starts around mid-year as budgets are due by September. Budgets are then processed through the DLGF, and a report details what the city government can receive in tax according to their total assessed valuation (the assessed value of all taxable property within the city). This figure is used by DLGF to determine the tax rate as well as the maximum amount the city will be able to raise.
Finally, the budgets are adjusted accordingly and the city receives tax draws throughout the year.
Public hearings on the proposed budgets are held in September.
- Department of Local Government Finance - http://www.in.gov/dlgf/
Ohio
Union City, Ohio is funded by the State of Ohio. This funding is derived primarily through municipal income tax and local property tax. Other sources of local funding are fuel tax, estate tax, motor vehicle registration tax, commercial activity tax, and local government support funds.
The budgeting process begins every September with department heads who compile departmental budgets. These budgets are then reviewed by the Village Administrator who then compiles the annual appropriations throughout the month of October and submits a prepared balanced budget to Council for their review and subsequent approval. Once approved by the municipal council, the appropriations are sent to the Darke County Auditor. The annual appropriations become effective January 1st of each calendar year.
The budget is monitored throughout the year and can be modified, if necessary based upon the amount of revenue received over the course of the year. For example, if the municipality receives a $10,000 grant for park equipment, the appropriations will have to be increased by $10,000 to authorize the expenditure of those funds during the calendar year. Budget workshops are typically held in October and November during regularly scheduled Council Meetings prior to the first reading of the appropriations ordinance.