Indiana Code
Chapter 3.8. Access to Financial Data for Local Units
5-14-3.8-8. Development of Fiscal Health Indicators; Publication on Internet Dashboard

Sec. 8. (a) The department shall develop indicators of fiscal health for evaluating the fiscal health of a political subdivision. The department may consider including any of the following in the indicators developed under this subsection:
(1) The cash balance of a political subdivision.
(2) The debt to revenue ratio of a political subdivision.
(3) The condition of a political subdivision's property tax base and income tax base, if any, as measured by both the assessed value of the political subdivision and the amount of per capita revenue generated from the political subdivision's tax bases.
(4) The per capita amount of a political subdivision's general fund operating revenue or in the case of a school corporation, the school corporation's education fund and operations fund revenue.
(5) Any trends in the amount of a political subdivision's tax revenue.
(6) Whether a political subdivision maintains a structural deficit or a structural surplus.
(7) The number and size of the tax increment financing districts designated by a redevelopment commission established by the political subdivision, if any.
(8) The extent that the political subdivision is affected by tax increment financing districts.
(9) The extent that the political subdivision's property tax base is affected by exempt properties.
(10) The political subdivision's bond rating.
(11) The amount of retiree benefits paid by the political subdivision.
(12) The amount of pension contributions paid on behalf of the political subdivision's employees.
(13) Any other factor that the department considers relevant to evaluating the fiscal health of a political subdivision.
(b) The department shall use the indicators developed under subsection (a) and the associated fiscal data to present the information for evaluating the fiscal health of a political subdivision on the Indiana transparency Internet web site. The information must be presented in a manner that:
(1) can be conveniently and easily accessed from a single web page; and
(2) is commonly known as an Internet dashboard.
The information must be available on the Indiana transparency Internet web site in the format required by this subsection before July 1, 2015.
(c) Neither the department of local government finance nor any other state agency may use the fiscal health indicators developed under this section to assign a political subdivision a summative grade.
As added by P.L.84-2014, SEC.6. Amended by P.L.244-2017, SEC.8.