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Indiana General Assembly
House Bill 1236


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House Bill 1236

ARCHIVE (2008)

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Local spending caps. Provides that certain expenditures of political subdivisions for local fiscal years beginning after December 31, 2008, may not increase more than the lesser of: (1) 3% of the previous budget year's expenditures; or (2) the sum of: (a) the percentage change of the population of the geographical territory of the political subdivision; and (b) the percentage change of the consumer price index for the Midwest Region for all items as published by the Bureau of Labor Statistics; for the immediately preceding budget year.
Current Status:
 In Committee - first House
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