Fiscal Court to vote Thursday on lowering insurance tax
Feb. 17—Daviess Fiscal Court has a busy agenda on Thursday, starting with a
Also on the agenda is a vote on lowering the county's tax rate on insurance premiums for property outside the city limits of
And
Because of the coronavirus pandemic, people will not be allowed to attend the meeting and public hearing.
Both will be available live on
Last month, Gov.
But none of that money is available for
The city already got its share of the money through its Community Development
Judge-Executive
"It'll take a while to get the money," he said. "It won't be available immediately."
Mattingly said
About 400 local governments are eligible for the funds, he said.
—The county raised its tax on insurance premiums in 2010 from 4.9% to 8.9% to pay off
In 2014,
And now, it is preparing to retire the debt even earlier — next year.
Mattingly said he expects the rate to drop back to 4.9% next year when the bonds are paid off.
"If we leave the rate as it is," he said, "we'll over-collect this year."
Health insurance was exempted from the tax.
The city also increased its insurance premium tax rate from 4% to 8% at the same time.
The county's decision to pay off its debt early does not affect property inside the city limits of
City Manager
That means part of them will be paid off in June of 2042 and the rest in May of 2043.
The original total principal of the two bonds was
—The county received a
And Mattingly said it should be ready in time for the
It will include a rubber surfaced playground, like the one in
There will be musical instruments, Leigh said, a wheelchair-accessible merry-go-round and swing.
"Chairs can roll onto the swing and sway back and forth," Leigh said.
A large shade umbrella will cover the playground to keep it cooler on hot days.
An
Mattingly said that should also be finished by
270-691-7301
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