PLYMOUTH – The Marshall County Council held a discussion with county financial advisor Steve Dalton regarding a proposal to
restructure the Local Income Tax currently paying the debt on the construction of the Marshall County Jail.
The Council will have the option to continue that tax, once the bonds are paid in full in 2027. The bond was initially issued in 2008 and refinanced in 2014. It currently takes in $20 million per year, 80 percent goes to other taxing units in the county with $4 million or 20 percent available for special purposes involving the jail and the courts.
Dalton had good news regarding the effect on the county’s tax rate.
He said that further work will need to be done on the proposal to determine exactly what expenses are allowed by statute to be paid for the courts and county 911.
The Council will consider the final proposal in their August 10 meeting with the final vote set in September.
