From the Columbus Republic:
The Columbus City Council is scheduled to consider raising a city property tax rate to help fund capital improvement projects. That would occur at its Tuesday night meeting.
The cumulative capital development fund rate was 3.46 cents per $1,000 of assessed property value this year, but governing bodies can have the rate set as high as 5 cents, City Attorney Jeff Logston said. If the council were to raise the rate to the full amount, it would generate about $350,000 a year more for the city, Logston estimated.
http://www.therepublic.com/view/local_story/City-Council-to-consider-tax-i_1370144273
