EDINBURGH, Ind. - The Edinburgh Town Council approved the second reading of Ordinance 2026-14 at its Monday, October 12 meeting, formally adopting the town's 2027 budget appropriations and tax rates.
The advertised budget of $10,462,053 reflects a reduction of about $272,000 compared to 2026. While the advertised tax rate was set at 2.7178, municipal officials estimate the final tax rate will be near 2.3156, representing a 0.1758 increase over the 2026 rate of 2.1398.
Clerk-Treasurer Rhonda Barrett explained that the tax rate shift is driven in part by a $3 million drop in the town's net assessed property valuation. The reduction stems from state tax law adjustments, including Senate Enrolled Act 1 rental property deductions and new personal property tax exemptions for business equipment acquisitions under $2 million.
Council members voted unanimously to adopt the budget ordinance as presented.
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