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COLUMBIA CITY â€” A first in nearly 30 years could occur.
The Whitley County Council approved a motion Tuesday to raise the rate on the Cumulative Capital Fund (CCF), pending a public hearing on the increase.
The fund is used for a variety of county expenses, including bridge repairs and replacement.
The proposed rate is .03. Currently it is at .0162. This will be the first increase in 28 years. The measure unanimously passed.
At the current rate, the CCF generates approximately $216,439, at current assessment rates. With the proposed change, the CCF would generate approximately $400,814.
The discussion came in part because of bridge issues. County Engineer Brandon Forrester informed the council his department will need more funds to pay for bridge work throughout the county. The council debated raising the Cumulative Bridge fund as well as CFF, but decided against it.
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