Madison County holds public hearing to recertify values after software error affected two TIF districts
Deputy Auditor Nick Young told commissioners a financial-software update produced incorrect calculations for TIF areas in Pendleton and Ingles; the vendor corrected the error and the county opened a public hearing to recertify assessed values so corrected figures can be sent to the state DLGF.
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Madison County commissioners opened an advertised public hearing after the county auditor’s office discovered a software vendor error that produced incorrect assessed-value calculations for two tax increment financing (TIF) areas, Nick Young, deputy auditor, said.
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