The Culver Town Council members held a public hearing this week on an ordinance that would reestablish the Cumulative Capital Development Fund.
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The Plymouth City Council members approved additional readings Monday night on an ordinance that would re-establish the Cumulative Capital Development Fund.
Continue readingPLYMOUTH — The Plymouth Common Council will consider the reestablishment of a Cumulative Capital Development Fund Monday evening (March 27) during their regular meeting scheduled for 6:30 p.m. ET.
Continue readingPlymouth City Council member Jeff Houin asked city council members if they could review how funds are distributed within the Cumulative Capital Development Fund.
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Plymouth Fire Chief Rod Miller appeared before the Plymouth Redevelopment Commission on Tuesday night asking for funding for a new fire truck.
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The Marshall County Highway Department will be getting a new chipper box and distributor.
Lower state funding distributions are causing challenges for the Marshall County Council, as it works on its 2019 budget. Council members found themselves trying to cut about $1.3 million from the highway department’s budget proposal Monday.
The Plymouth City Council members reviewed several resolutions for consideration during their meeting Monday night.
Officials with the Department of Local Government Finance (DLGF) have ruled that the Marshall County Commissioners can move forward with reestablishing the Cumulative Capital Development Fund at its maximum rate.
In a decision handed down on Aug. 31, DLGF officials approved the levying of a tax in the amount of $.0333 per $100 of assessed valuation in 2018. The rate must be advertised and the amount must be properly appropriated in the 2018 budget.
Marshall County residents had another chance to weigh in on a proposed tax hike Thursday. Back in April, the county commissioners voted to reestablish the Cumulative Capital Development Fund at its maximum rate. But the Department of Local Government Finance held a public hearing of its own Thursday, after residents appealed the decision.
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 Marshall County Commissioners approved additional readings to the proposed ordinance that reestablishes the Cumulative Capital Development Fund at its maximum rate at $.0333 per $100 of assessed valuation.
No additional comments were made concerning the details of the ordinance. The second and third readings were unanimously approved.
The Marshall County Commissioners are expected to take further action this morning on an ordinance that reestablishes the maximum rate of the Cumulative Capital Development Fund at $.0333 per $100 of assessed valuation.
The commissioners held a public hearing on the matter earlier this month and approved the ordinance on first reading. While the three commissioners stated they don’t want to raise taxes, they noted that something has to be done to help the highway department gather more funds for capital costs.
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.
The Marshall County Commissioners have set aside time today to hear public comment on the proposed tax increase to help reestablish the Cumulative Capital Development Fund to the maximum point. A public hearing on the matter is set for 9 a.m.
The Marshall County Council voted unanimously to support the commissioners in their quest to reestablish the Cumulative Capital Development Fund to the maximum point.
Commissioner Kurt Garner said the fund will mostly assist the highway department in annual equipment costs.
“We should be somewhere around $320,000 of the estimated $412,000 that we would have in addition,” explained Garner. “We’ll be using about three-quarters of that amount that’s coming in by shifting this equipment cost over to that.”
The Marshall County Council will entertain a plea by Commissioner Kurt Garner this morning concerning the Cumulative Capital Development Fund.
Garner stated last week that he would be before the council at this meeting to ask for a resolution in support of the reestablishment of the Cumulative Capital Development Fund. Taxes generated by this fund will help gather money to support county departments in purchasing needed equipment.
A public hearing is set to gather input on the reestablishment of the Cumulative Capital Development Fund in Marshall County.
County Attorney Jim Clevenger explained that a procedural issue halted the process a year ago, but this movement is needed to awaken the issue. The public hearing will allow taxpayers to weigh their opinion on a tax increase not to exceed $.0333 per $100 of assessed valuation of property. An approximate amount of $400,000 is anticipated that can be used on capital investments in the county. The highway department was used as an example as they are in need of new equipment where funding is lacking.
