The Marshall County Commissioners held a public hearing Monday morning to gather public input on the reestablishment of the Cumulative Capital Development Fund at the maximum rate.
The Cumulative Capital Development Fund has existed in the budget for many years, but the current rate is $.0167 per $100 of assessed valuation which covers a few capital costs. Commissioner Kurt Garner stated that the increase of $.0333 per $100 of assessed valuation means $16.40 per $100,000 of assessed value. If the typical homeowner has a mortgage exemption and homestead credit, it comes to about $5.50 a year.