Winamac to Explore Cumulative Capital Development Fund Reestablishment

Winamac property owners may see a bit of a tax increase next year. Clerk-Treasurer Melanie Berger told the town council Monday that the town’s cumulative capital development fund rate, which decreases over time, is now down to 4.23 cents. She said the town could bring in about another $5,300 by reestablishing it at the full five cent rate.

The town council agreed to let Berger start working with accounting firm Baker Tilly to potentially reestablish the fund for the 2021 tax levy.