Zionsville Times Sentinel


September 11, 2013

Proposed CCD tax increase draws vehement opposition

No date was given for a decision by state officials whether to allow Boone County to increase one of its property tax rates following a Wednesday, Sept. 4, hearing on the proposal. The Boone County Commissioners and Council want to raise the Cumulative Capital Development (CCD) rate to no more than 3.30 cents for every $100 of assessed valuation. The rate is now 1.27 cents, down from 1.41 cents in 2009. The rate falls every year because it is tied to assessed valuation. Michael Duffy, a Department of Local Government Finance staff attorney, said testimony from and documents submitted at the 51-minute hearing in the Boone County Annex in Lebanon would be forwarded to DLGF Commissioner Micah G. Vincent, who will decide whether to approve the request. Duffy did not give a date for that decision. Six of the 15 citizens attending the hearing spoke about the increase; all were opposed. “I would ask government to live within their means … just as us in the real world have to do,” said Robert Andrews of Lebanon. See Wednesday's Times Sentinel for the full story.

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