North Judson Council to Consider Cumulative Capital Development Fund Reestablishment

North Judson residents may soon see a bit of a tax increase. The town council is working with accounting firm Umbaugh and Associates to reestablish a cumulative capital development fund.

Clerk-Treasurer Alicia Collins says the town currently has one, but since the tax rate decreases over time, it’s down to just over 0.01 percent. The reestablishment would boost that level back up to 0.05 percent.

Collins adds that residents will have the chance to ask questions and offer input on the cumulative capital development fund during a public hearing on Monday, March 20 at 6:30 p.m., before the council makes a final decision.