Michigan City Common Council Finance Committee July 7, 2026

The Michigan City Common Council Finance Committee met on July 7, 2026, to review and approve the claims docket and discuss various budgetary and appropriation matters. The committee approved claims totaling $48,687.68 from the Rainy Day Fund for Indiana Public Retirement payments. The City Controller presented two additional appropriation requests: $300,000 from the Rainy Day Fund for street and sidewalk repairs, and $450,000 from the General Fund to cover vehicle maintenance and emergency repairs, as well as local roads and streets funding. The General Fund was reported to have a healthy cash balance, sufficient to support these appropriations without impacting reserve levels. The meeting also covered revenue updates, including property tax distributions, wheel tax collections, and potential future impacts on funding from legislative changes to the Local Income Tax (LIT) and permit fee allocations. The committee discussed the creation of a separate fund for building and permit fees, which will no longer be allowed to support the General Fund, potentially affecting future budgets for police and fire services.