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Madison holds public hearing and advances ordinance to reestablish cumulative capital development fund rate
Summary
The council held a public hearing on Ordinance 2025-6 to reestablish the cumulative capital development (CCD) fund rate. Staff said the increase would add roughly “almost another $100,000” annually to a fund used for infrastructure and facilities; council advanced the ordinance and voted in favor on second reading.
The Madison City Council held a public hearing on Ordinance 2025-6, which would reestablish and increase the city’s cumulative capital development fund (CCD) rate under state statute. City staff said reestablishing the rate would yield additional annual revenue—"almost another $100,000," according to the clerk/finance staff—earmarked for capital investments such as infrastructure, facilities and beautification projects.
City staff explained that the CCD rate was set in 1985 and not reestablished subsequently; state statute permits municipalities to reestablish the rate after meeting statutory requirements. The clerk explained budgeting and…
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