From the Jeffersonville News and Tribune:
How to fund the New Albany-Floyd County Parks Department is still being debated as the Floyd County Council prepares to set budgets for 2013.
At 5:15 p.m. Tuesday the Floyd County Commissioners and some members of the Floyd County Council will meet with parks officials to discuss the pros and cons of a cumulative capital fund.
City taxpayers have paid a cumulative capital fee since 1992 for the parks department, and it generates about $125,000 a year, according to Roger Jeffers, parks director. He said at Tuesday night’s Floyd County Council meeting if county officials pass the tax, it would put residents in both the city and county on “equal footing.” He also said an extra $250,000 a year would give the parks department more leverage to borrow money to build a new pool.
However, the measure would have to be approved by Aug. 1 and a public hearing would have to be held prior to a final vote. Tuesday’s meeting is for discussion only. Money from cumulative capital is for facility upgrades.
http://newsandtribune.com/business/x1901562175/Floyd-County-to-discuss-new-tax
