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Marshall County warned of roughly $4 million revenue gap as jail bonds end; council to study tax options
Summary
County financial adviser Steve Dalton told the Marshall County Council that the 0.25 percentage point of the local income tax used to pay jail bonds will end when bonds are retired in 2027, potentially removing about $4.0 million in annual revenue; the council agreed to a working session to evaluate options including partial retention or a wheel tax.
Steve Dalton, a county financial adviser, told the Marshall County Council on a May 2026 agenda that the 0.25 percentage point of the local income tax now used for jail bond payments will disappear when those bonds are paid off next year, creating a substantial hole in the general fund.
"We're gonna have to replace the lion's share of those dollars," Dalton said, noting that the current 0.25 contribution is bringing in roughly $336,771 a month — about $4,041,000 a year. He added the bond payoff is scheduled for 2027 and that the revenue loss will require action by the council and commissioners.
Why it matters: The 0.25 share has…
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