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 |
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