City of Knox Officially Pays off General Obligation Bond of 2010

Last Wednesday, Knox Clerk-Treasurer Jeff Houston informed city council members that the final payment for the general obligation bond of 2010 was made earlier that day.

Houston added that the bond was taken out to purchase a fire truck which is now officially owned by the city. Mayor Dennis Estok reminded members that paying off the bond contributed to the deficit of more than $30,000 in Knox’s CEDIT account for this year. Continue reading

Winamac Town Council Members Approve Economic Development Income Tax Plan With a Vote of 4-1

Winamac Town Council members reviewed an ordinance detailing the EDIT Plan for 2018 and 2019 when they met this week.

Clerk-Treasurer Melanie Berger explained that the EDIT Plan outlines proposed projects that will utilize county economic development income tax funds for the next two years.

Town Attorney Justin Schramm added that State Code requires towns to spend 75% of what they receive. He said the figures provided for 2019 were estimated since they do not currently know how much Winamac will receive that year. Schramm said for the 2019 amount, he reduced next year’s amount by 20 percent to present conservative figures just in case they receive less. Continue reading