Finance Committee 6/15/2026

The City of Fishers Finance Committee met on June 15, 2026, to discuss several financial and procurement-related matters. Key topics included the approval of Ordinance 5A, which involved technical edits related to a developer-backed conduit debt purchase by Hegman Capital, clarifying that the debt does not count against the city's limits or obligations. The committee also reviewed the 2026 financial update, covering revenue streams such as property taxes, local income tax distributions, and food and beverage tax revenues, which are contributing positively to the city's debt service payments for the Fishers Event Center. Additionally, the committee discussed the impact of Senate Bill 1 on personal property tax assessments within TIF districts and the county's readiness to track these changes accurately. The audit process for incorporating the Fishers Event Center into the city's financial statements was also addressed, noting potential increases in audit fees. No new contract awards or RFPs were mentioned, but the discussions highlighted ongoing financial management and oversight related to city-funded projects and revenue sources.