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Park board bond plan clears committee after adviser says new issue won't raise taxes overall
Summary
The Budget Administration Committee recommended favorably a park district bond issuance of up to $6.6 million; the county's municipal adviser said retiring other debt keeps the net tax impact neutral and estimated the specific bond would add about $12 a year on a $300,000 house if not offset.
St. Joseph County's Budget Administration Committee voted to send a park-district bond ordinance favorably after presenters said the issuance would not raise taxpayers' overall burden.
Catherine Fanello, outside counsel for the park district, and municipal adviser Steve Dalton described a plan for Park District bonds to finance multiple park projects. Fanello told the committee the…
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