On Proposal to Establish the Annual Tax Rate for the City of Goshen Cumulative Capital Development Fund
The Goshen Common Council will hold a public hearing at its meeting on March 19, 2019 at 7:00 p.m. at which City of Goshen taxpayers may be heard concerning a proposal to establish the annual tax rate for the Cumulative Capital Development Fund. The hearing will be held in the City Court Room/Council Chambers at the Goshen Police & Court Building, 111 East Jefferson Street, Goshen. Following the public hearing, the Common Council will consider a proposed ordinance to establish the annual tax rate for the Cumulative Capital Development Fund.
The Cumulative Capital Development Fund as authorized under the provisions of Indiana Code §§ 6-1.1-41-1 et seq., Indiana Code §§ 36-9-15.5-1 et seq., and city ordinance, may be used for any or all the purposes specified by Indiana Code § 36-9-15.5-2. The proposed tax will be levied on all taxable property within the City of Goshen and will not exceed Five Cents ($0.0500) on each One Hundred Dollars ($100) of assessed valuation. The proposed tax will be levied beginning with 2019 taxes payable in 2020.
If the Common Council passes and adopts the proposed ordinance, the City of Goshen will publish a notice of adoption. At least fifty (50) City of Goshen taxpayers may file a petition with the Elkhart County Auditor not later than noon thirty (30) days after the publication of the notice of adoption stating their objections to the establishment of the annual tax rate for the Cumulative Capital Development Fund. Upon filing of a valid petition, the Auditor shall immediately certify the petition to the Indiana Department of Local Government Finance (DLGF), and the DLGF shall schedule a hearing on the petition.
The proposal to establish the annual tax rate for the Cumulative Capital Development Fund is subject to the approval by the DLGF.