The Indiana Department of Local Government Finance has denied the petition of Marshall County to re-establish the Cumulative Capital Development Fund at the maximum rate of $.0333.
In a ruling issued July 27th the DLGF sited a procedural defect in notification of the public hearing held on Monday, June 6th.
According to Indiana Code, Marshall County should have published notice in two newspapers published in the county. It was determined notice of the public hearing was only published in the Pilot News and not in a second newspaper published in the county as required by statue.
Because of the procedural defect, the Department of Local Government Finance did not approve the re-establishment of the county’s CCD Fund.
While there were 128 signatures certified by the County Auditor as tax paying property owners on a remonstrance against the increase in the CCD Fund, the DLGF was unable to even consider the remonstrance due to the procedural defect.
The Marshall County Commissioners were hoping to raise the rate of the Cumulative Capital Development Fund back up to the maximum of $.0333 at the recommendation of their financial consultant’s Umbaugh. Increasing the rate from the current rate of $.0169 would bring in an additional $400,000. The commissioners were going to use the additional funds to purchase 6 news trucks for the highway department through a 4 year lease purchase program, update equipment for the highway department and use some of the funds for bridge work.
It’s anticipated the commissioners will undertake the rate increase again next year for 2018.
