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Council committee approves $4.27 million appropriation to redeem 2014 income-tax revenue bonds
5490762 · April 23, 2025
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Summary
Legal counsel and county staff briefed the Budget and Administration Committee on using PSAP (local income tax) funds to redeem the outstanding 2014 economic development income tax revenue bonds, and the committee sent the ordinance to the full council with a favorable recommendation.
Tom Everett of Barnes & Thornburg told the Budget and Administration Committee the county has about $4.27 million on hand in the PSAP distribution of the county’s local income tax and proposes appropriating that amount to redeem the outstanding Economic Development…
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