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Controller outlines plan to issue park and redevelopment bonds without raising property tax rate
Summary
City Controller Robert Gunter presented two bond schedules for parks and redevelopment at the Sept. 9 council meeting, saying rising assessed values create a window to issue debt without increasing the property tax rate; no bond issuance decision was made.
City Controller Robert Gunter presented two bond schedules at the Evansville Common Council meeting on Sept. 9 that would fund park renovations and redevelopment projects while keeping the property tax rate level.
Gunter said increased assessed valuations create a window in which the city can issue bonds "without increasing the property tax," and distributed schedules…
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