The Marshall County Commissioners have increased a tax they say is being encouraged by the state of Indiana.
A public hearing was held Monday morning to increase the Cumulative Capital Development fund rate. The rate is currently in effect at .0169 per $100 of assessed valuation. The Marshall County Commissioners requested the tax see an increase to the maximum rate of .033 per $100 of assess value.
Revenue generated through the tax is able to be used on any capital investment owned and operated by the Marshall County government.
Commissioner Kurt Garner pointed out the increase is based on state law, the revenues of which have gradually declined over the years. To qualify for the increase, Marshall County was expected to submit any changes by August 1st of this year.
No comments were received during the public hearing, Monday morning. The commissioners approved the increase, unanimously.
