Annexation Fiscal Plan
Detailed Summary of Annexation Impact
The City of Marion (the "City") is undertaking the annexation of fifteen areas (the "Annexation Territories"). This fiscal plan will present the City's plan for extension of services to all fifteen areas. Exhibit A sets forth specific description for each area, Exhibit B set fourth the estimated increases in revenue attributed to each area, Exhibit C sets forth the estimated increase in expenditures due to the extension of police protection services attributed to each area, Exhibit D sets forth the estimated increase in expenditures due to the extension of fire protection services attributed to each area, and Exhibit E is a map of the Annexation Territories.
This annexation is being pursued under IC 36-4-3-4 (the "Statute"). The proposed annexations include a tax abatement program that will phase in the municipal tax rate over a 4 year period. Read more here.