From the Jeffersonville News and Tribune:
In August, the Clarksville Town Council’s attempt to increase the rate on its cumulative capital development fund from 2.2 cents to 5 cents was denied by the Indiana Department of Local Government Finance, but it turns out that the rate increase will be going into effect anyhow.
The town appealed the state’s decision, and the DLGF allowed the rate increase to go through, according to DLGF Communications Director Jenny Banks. The DLGF issued an amended order approving the fund Sept. 24.
The council initially voted July 30 to increase the rate on the fund. The DLGF’s decision to deny the rate increase was announced at a town council meeting Aug. 6. The reversal of the DLGF’s decision was not announced at a town council meeting, but Council President John Gilkey said he believed it was discussed at a council work session several weeks ago.
The rate increase will affect Clarksville property owners. Clarksville taxpayers who have not yet reached the circuit breaker property tax cap can expect their town taxes to go up about $28 per $100,000 assessed valuation. Five cents is the statutory maximum rate for the fund.
The fund is used for major capital purchases like police cars and fire trucks. Gilkey said the town has a number of major capital purchases planned for next year.
...
http://newsandtribune.com/clarkcounty/x1095529856/Clarksville-rate-increase-approved-after-all
