News & Announcements

TO:                         IASBO Members FROM:                  Denny Costerison ASBO INTERNATIONAL PINNACLE AWARD RECIPIENT Indiana ASBO is proud to announce that Brian Tomamichel, Chief Financial Officer for the Mt. Vernon Community School Corporation, is a recipient of the ASBO International Pinnacle Award.  ASBO makes four awards per year for creative school business practices.  Brian’s project was entitled “Financing

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Indiana School Business Officials Leadership Academy

TO:                         IASBO Members FROM:                  Denny Costerison INDIANA SCHOOL BUSINESS OFFICIALS LEADERSHIP ACADEMY Indiana ASBO is very pleased to announce that the appropriation for the Indiana School Business Officials Leadership Academy is in House Enrolled Act 1001 for the next two years.  The Academy is designed to strengthen the management and leadership skills of practicing school

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S & P Global CreditWatch Resolved

TO:                         IASBO Members FROM:                  Denny Costerison S&P GLOBAL RATINGS CREDITWATCH RESOLVED S&P Global Ratings issued the following statement yesterday afternoon: “S & P Global Ratings resolved its CreditWatch by revising the outlook to stable on its ‘AA+’ ratings on Indiana school corporation debt issuances rated based on the Indiana state aid intercept statute.  We placed

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April Edition of IASBO InterCom

APRIL EDITION OF IASBO INTERCOM The April edition of the Indiana ASBO InterCom can now be found on the IASBO website.  http://www.indiana-asbo.org/wp-content/uploads/2017/04/APRIL-2017-InterCom-WEB.pdf This edition contains the following items:  IASBO President Weedie Smith’s article on the IASBO Annual Meeting; IASBO Professional Development Calendar; Summary of School Business Management Bills; IASBO Annual Meeting Agenda and Registration Form;

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General Assembly Activities

TO:                         IASBO Members FROM:                  Denny Costerison GENERAL ASSEMBLY ACTIVITIES Sine Die The 2017 session of the Indiana General Assembly has adjourned.  Last night at 11:30 p.m., the House of Representatives adjourned and just before 1:00 a.m. Saturday morning the Senate adjourned.  The Republicans in both houses are calling this an historic and monumental session because

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General Assembly Activities

TO:                         IASBO Members FROM:                  Denny Costerison GENERAL ASSEMBLY ACTIVITIES This morning the conference committee on HB 1009, school financial management, passed the House by a vote of 96-2.  This bill provides a major change for Indiana’s school corporations.  Indiana ASBO will be working in the next months to provide the guidance and training to assist

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General Assembly Activities

TO:                         IASBO Members FROM:                  Denny Costerison GENERAL ASSEMBLY ACTIVITIES State Budget This morning at 2:30 a.m. the conference committee on the new state budget for the next two years was released.  The 168 page budget bill can be found on the Indiana General Assembly website.  The estimated new school distribution formula can be found on

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News & Updates

TO:                         IASBO Members FROM:                  Denny Costerison GENERAL ASSEMBLY ACTIVITIES Yesterday was the last day that a bill could pass third reading in the second house.  IASBO began the second half of the session watching 71 bills.  49 of those bills are still alive.  If a bill was amended in the second house, the author of

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General Assembly Activities

TO:                         IASBO Members FROM:                  Denny Costerison GENERAL ASSEMBLY ACTIVITIES Senate Floor Action This afternoon the Senate heard HB 1043, referendum process and remonstrance process, on second reading.  Senator Hershman brought an amendment to the bill that was requested by IASBO.  The amendment increases the thresholds for petition remonstrance process from $2 million to $5 million

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General Assembly Activities

TO:                         IASBO Members FROM:                  Denny Costerison GENERAL ASSEMBLY ACTIVITIES House Ways and Means Committee The committee heard SB 196, school debt service obligations, this morning.  This is the “fix” regarding the Standard & Poor’s negative credit watch for school bonds.  A technical amendment to the bill was added to assure that bonds are covered at

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