The Department of Local Government Finance will set up a public hearing soon concerning a remonstrance toward the reestablishment of the Cumulative Capital Development Fund at its maximum rate in Marshall County.
The Marshall County Commissioners approved the rate at $.0333 per $100 of assessed valuation in April. The notice was published and residents had 30 days to file an appeal. The petition had to have at least 50 signatures to be filed with the state. Auditor Julie Fox said 83 signatures on the document where verified through tax records. The paperwork was filed by the deadline and all was submitted to the Department of Local Government Finance. Fox told the commissioners on Monday that the DLGF will be the entity responsible for scheduling the public hearing in Marshall County.
The date has not been set, but notice of the hearing will be published and the first 10 people who signed the petition will be notified of the hearing.
The fund was reestablished at its maximum rate to assist the highway department with funding and assist the county with other monetary needs. The increase is expected to help gather $412,000.
