The city of Carmel says it could capture an additional $1.7 million in tax revenue over the next five years as a result of more residents counted in a partial special census. Carmel’s official population now stands at 86,946, a 7,755 increase from the previous totals that were calculated in 2010. Officials say the effort cost close to $400,000.
The city first announced the partial special census last May and, at the time, estimated it could be eligible for as much as $2.4 million in additional tax revenue. Carmel says the precise calculation may actually be higher since the information gathering only focused on specific areas deemed high-growth. The additional revenue will start coming into the city this year.
Mayor Jim Brainard says "we work very hard on financial planning to ensure local taxpayers get the most from their tax dollars and conducting this special census will pay off for the City. Clearly, our efforts to build a great city to live, work and play are paying off by attracting more people to Carmel."
Last year, the city of Westfield also completed a special census, which indicated a 22 percent jump in the fast-growing community’s population. Fishers’ 2015 special census showed its population increased to 89,853.
The next U.S. Census will take place in 2020.