The laws governing local government finance have changed significantly over the last decade. Indiana has changed its method of property valuation, placed limits on property tax rates in the state constitution, and eliminated the inventory tax. Local governments have responded in a variety of ways. Currently, there is little formal analysis of the fiscal health of Indiana local governments in a comparative context. This report aims to remedy this deficiency by providing timely data and analysis on the financial situation of Indiana's local governments. This document is the first comprehensive report of the project. It covers data for 2011 and 2012 for Indiana's 92 counties, 1,006 townships, and 568 cities and towns.