Tuesday, December 4, 2012

Property Tax Increase Proposed to Improve Brown County Roads

From the Bloomington Herald-Times:


A proposed temporary property tax increase would pay for a $2 million loan to improve Brown County roads.

The county commissioners are proceeding with a $2 million loan, with a 1.25 percent interest rate, that will be paid back by a three-year property tax hike.

Property owners would pay about four cents for every $100 of assessed value.

Most of the cash would be used to upgrade road conditions, and some might be set aside for a new community building at the county fairgrounds or other public projects.