(A) The Cumulative Capital Development Fund and maximum rate of $.05 per $100 of assessed valuation is hereby reestablished.
(B) The Cumulative Capital Development Fund shall be funded each year by levying a tax, in compliance with I.C. 6-1.1-41, on the taxable real and personal property in the town at the maximum property tax rate of $.05 per $100 of assessed valuation as authorized by and pursuant to I.C. 36-9-15.5-6, beginning with taxes assessed in 2023, payable in 2024.
(Ord. 2018-3, passed 4-10-2018; Am. Ord. 2021- 01, passed 3-9-2021; Am. Ord. 2022-04, passed 4-12-2022; Am. Ord. 2023-2, passed 3-14-2023)