Transcript

Vigo County Oversight BoardFeb 23, 2026

Meeting

Vigo County Oversight Board · Feb 23, 2026

Length

0:09:19

Lines

38

Transcribed by

mlx-community/whisper-large-v3-turbo

1. 0:00:00 — open the recording at 0 secondsSpeaker 3: Good morning.

2. 0:00:21 — open the recording at 21 secondsSpeaker 5: First up, we'll have approval of the minutes from our last meeting.

3. 0:00:26 — open the recording at 26 secondsSpeaker 6: We'll make a motion to approve.

4. 0:00:28 — open the recording at 28 secondsSpeaker 9 (chair): Thank you, Carrie. Thank you, Heather. All those in favor say aye. Aye. Opposed? Great.

5. 0:00:37 — open the recording at 37 secondsSpeaker 11 (chair): Next up, we have an engagement letter from Crow that was emailed out to the board. Any questions or comments on that? If not, entertain a motion to approve that. Thank you, Jim, for the motion to approve. I'll second. Thank you, Mark. All those in favor say aye. Aye. Opposed? None. Mr. Matheny, I believe, review of our next priorities.

6. 0:01:05 — open the recording at 1 minute 5 secondsSpeaker 12: Yeah, I think we've spent a lot of time so far learning from school board and Dr. Hemsall,

7. 0:01:12 — open the recording at 1 minute 12 secondsMark Matheny (oversight board member): you know, thus far what their research, what their plans has led to. So now as we kind of enter into finish up February and into March, kind of just I'll highlight a few kind of our next type, you know, highest priorities. First will be on Thursday. We're going to have, should, I think it's confirmed, to have Kristen McClellan with Ice Miller, and she'll be, she's bond counsel. Is that the right term, Mark? Bond counsel? Yeah. For the school corp. So we're going to get a better understanding of a few things from her. We're going to hopefully start with the updated financials for 2025.

8. 0:01:54 — open the recording at 1 minute 54 secondsMark Matheny (oversight board member): Assuming those are available, we're going to start digging in with our financial consultant, Crow. and Tim Berry to really understand kind of the county's financial situation as well as impact of SEA 1. And then we do want to schedule some evening meetings. So we recognize that for a lot of folks, these 1030 a.m. meetings are not doable. So we do want to make sure that we accommodate and be able to take questions and answers. We recognize there's been a lot of misinformation posted on social media here recently and so we want to give for

9. 0:02:32 — open the recording at 2 minutes 32 secondsMark Matheny (oversight board member): folks that maybe you want to ask us questions we want to give them the opportunity to do that so on Thursday we'll announce the dates and times for those evening sessions that's all I got

10. 0:02:47 — open the recording at 2 minutes 47 secondsSpeaker 11 (chair): thanks Mark so it sounds like we maybe have right maybe three more meetings here really school corp focused with bond council and then I think we're gonna to get into the school I'm looking out to dr. Hemsall here kind of touch on school fine our school corps specific finance and then I know you wanted to do a summary as well so maybe that summary would be a great starter for an evening meeting and kind of put a whole bow on the presentations that have happened here the last 60 days

11. 0:03:21 — open the recording at 3 minutes 21 secondsMark Matheny (oversight board member): good I think we'll hopefully have some of those dates lined out on Thursday between now and then we'll start working on getting all that lined out

12. 0:03:35 — open the recording at 3 minutes 35 secondsSpeaker 16: anybody else have comments on our next priorities here

13. 0:03:43 — open the recording at 3 minutes 43 secondsSpeaker 19: no I'm just glad we've decided on evening meetings because I do know we've had

14. 0:03:47 — open the recording at 3 minutes 47 secondsSpeaker 20: some people reach out about wanting to attend and I will get you school board meeting dates so we don't like this with anything

15. 0:03:57 — open the recording at 3 minutes 57 secondsMark Matheny (oversight board member): There's a few other individuals. I won't release names right now just because we don't know if we're able to get them or not, but I think there's a few others that we'll want to probably start reaching out to. People with different perspectives and different areas of expertise that I think would be good for us to hear from. So hopefully have some of those lined out on Thursday as well.

16. 0:04:20 — open the recording at 4 minutes 20 seconds Okay.

17. 0:04:21 — open the recording at 4 minutes 21 secondsSpeaker 24: Anything else from the board?

18. 0:04:25 — open the recording at 4 minutes 25 secondsSpeaker 25 (chair): Any comments from the public?

19. Highlight · drawn from this moment: Resident questions how the county calculated a $102 million savings figure

    0:04:35 — open the recording at 4 minutes 35 secondsDebbie Constantine (resident — public commenter): Good morning. Hello Debbie Constantine once again. I do have a question about how these savings were calculated because the savings were calculated at 102 million dollars when the total budget for this year is 180 million.

20. 0:04:55 — open the recording at 4 minutes 55 secondsSpeaker 11 (chair): Okay, I mean, is that a question for the board or you want that addressed in a future meeting? It may be addressed in a future meeting because I know you don't have an answer.

21. 0:05:10 — open the recording at 5 minutes 10 seconds There are people who might be able to answer that.

22. Highlight · drawn from this moment: Resident questions how the county calculated a $102 million savings figure

    0:05:13 — open the recording at 5 minutes 13 secondsSpeaker 11 (chair): Well, I think there was a 10-year savings number that was $102 million, but it wasn't a single year $102 million. It was.

23. 0:05:22 — open the recording at 5 minutes 22 seconds I'm just trying to say.

24. 0:05:23 — open the recording at 5 minutes 23 secondsSpeaker 11 (chair): The presentation included one-year savings and then like a 10-year cumulative savings number. But we can look into it and get back to you.

25. 0:05:34 — open the recording at 5 minutes 34 seconds No, don't worry about it. Okay.

26. 0:05:36 — open the recording at 5 minutes 36 secondsSpeaker 37: Commissioner?

27. 0:05:37 — open the recording at 5 minutes 37 secondsSpeaker 38: Good morning, Lord. My first time here speaking, so thank you guys for what you do.

28. 0:05:43 — open the recording at 5 minutes 43 secondsChris Switzer (county commissioner): The county just got our comprehensive financial plan back, and because of SEA 1 and action that's going to have to take place in 27 leading into 2028, the county's anticipated to send nearly 50.4 million dollars to our county general fund when our local income taxes expire as money we're currently collecting as Jim knows that we use to pay our jail bond payment I can tell you it's not nearly that much money yearly to pay that bond payment so as you work move forward with crow I'd like to be able to send you this Baker tilly

29. 0:06:18 — open the recording at 6 minutes 18 secondsChris Switzer (county commissioner): comprehensive financial plan who we utilize as county government so they can also review that and look at that and give you guys guidance moving into 2028 with county finances also recognizing in 2027 our local income tax structure changes holistically our current local income tax is two percent it can go down to 1.2 percent and the city can also enact their own 1.2 percent local income tax of that 1.2 percent the county has the ability to then send some of that tax revenue to the school corporation i think only for five years still trying to collect information and get my

30. 0:06:57 — open the recording at 6 minutes 57 secondsChris Switzer (county commissioner): mind wrapped around that but at some point the county could have the opportunity to provide a large piece of financial help to the school corporation while also simultaneously giving them local income tax revenue so i want to get that out there today discombobulated online information seems to lead the conversation in some occasions but these are facts that i'm providing to you that are undisputed so if you have any questions i'll

31. 0:07:25 — open the recording at 7 minutes 25 secondsSpeaker 11 (chair): be happy to answer thanks chris when did you say um those the lit funds would be combined with the

32. 0:07:31 — open the recording at 7 minutes 31 secondsChris Switzer (county commissioner): general fund is that 2028 2028 yeah the local income tax structure has to be implemented in 2027 where the viewer county council will have the opportunity to implement the maximum 1.2 percent if they choose to do so they don't have to it can be 0.6.7 whatever they want it to be we can also utilize up to four tenths of a percent for public safety um so you're looking at 1.6 somewhere around there but combined the county and city can't have a tax higher than 2.9 so there's a lot of conversation about double taxation all kinds of stuff because if you're a

33. 0:08:08 — open the recording at 8 minutes 8 secondsChris Switzer (county commissioner): city resident you're still paying the county local income tax those are things that the state legislature is still going to have to iron out but we'll continue monitoring that thanks yeah

34. 0:08:19 — open the recording at 8 minutes 19 secondsSpeaker 9 (chair): appreciate it if you could forward that over yeah for sure

35. 0:08:25 — open the recording at 8 minutes 25 secondsSpeaker 25 (chair): any other comments great

36. 0:08:34 — open the recording at 8 minutes 34 secondsSpeaker 46: motion to adjourn i'll make a motion to adjourn thank you mark

37. 0:08:38 — open the recording at 8 minutes 38 secondsSpeaker 9 (chair): thank you heather all those in favor say aye all right thanks everybody

38. 0:08:49 — open the recording at 8 minutes 49 seconds Thank you.

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