§ 34.23 CUMULATIVE CAPITAL DEVELOPMENT FUND.

(A) The Town Council determines that need now exists for the reestablishment of a Cumulative Capital Development Fund for the following purposes: for all uses as set out in I.C. 36-9-15.5.

(B) The Town Council will adhere to the provisions of I.C. 36-9-15.5. The proposed Fund will not exceed $0.05 on each $100 of assessed valuation. Said tax rate will be levied beginning with taxes for 2023 payable 2024.

(Ord. 2016-6, passed 6-30-2016; Ord. 2023-9, passed 2-21-2023)

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