The Marshall County Commissioners opened up a public hearing Monday morning to hear opinions on their proposal to increase property taxes $.0524 per $100 of assessed valuation to reestablish the Cumulative Bridge Fund.
The rate is not at its maximum level, but the proposed increase would gather another $660,000 next year to help in the cost to repair the county’s bridges.
The fund would be in the negative numbers next year if the action does not move forward. The commissioners are concerned about having enough funds to repair bridges for public safety.
The Marshall County Council members gave their support toward the increase last week.
There was no public comment offered during Monday morning’s hearing.
With that, the commissioners unanimously voted in favor of suspending the rules and adopting an ordinance reestablishing the Cumulative Bridge Fund at a rate of $.0524 per $100 of assessed valuation. A notice of the ordinance adoption will be published which will open a 30-day remonstrance period for taxpayers. During that time, 10 or more taxpayers may file a petition with Marshall County Auditor Julie Fox. If a certain number of petitions are filed, a public hearing will be held and a determination will be made. If approved, that paperwork will be filed with the Department of Local Government Finance. The rate would be payable in 2019.
The proposed new rate and all necessary documents need to be filed with the Department of Local Government Finance by April 30.
