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January 24, 2007
Here's a tip, guys:
When your budget has a windfall, question it. Find out where it came from. Otherwise you end up With this
A computer glitch in the tax rolls of Porter County, Ind., causes the valuation of a house in the city of Valparaiso to shoot up from $122,000 to $400 million - boosting its annual property taxes from $1,500 to $8 million. Though the county's IT director spots the mistake and alerts the auditor's office, the wrong number nonetheless ends up being used in budget calculations, resulting in a $900,000 shortfall for the city and a $200,000 gap for its schools.
Posted by Andrew at January 24, 2007 09:13 AM
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