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Delaware County commissioners vote to begin creation of cumulative capital development fund
Summary
After a presentation from Baker Tilly, commissioners voted unanimously April 20 to begin the legal and public-notice steps to establish a cumulative capital development (CCD) fund to pay for county capital projects; staff will pursue a May–June timeline and Baker Tilly will submit required paperwork to the DLGF.
Scott Findley of Baker Tilly told the Delaware County Board of Commissioners that a cumulative capital development fund would let the county "accumulate revenue to do capital projects, capital improvements, and it does help reduce the need for issuing debt for those larger capital projects." The consultant described the required process: public notices, a public hearing, ordinance adoption and a 30‑day remonstrance period before the county could submit a certificate to the Indiana Department of Local Government Finance (DLGF).
The board heard that the CCD would be a property‑tax supported fund authorized by statute and would be limited to capital uses such as buildings, roads, infrastructure and vehicles. Findley gave a phase‑in example: a first‑year rate of 0.0167 and a later rate of 0.0333, which he said would translate to roughly a $55 annual impact on a $165,000 home before circuit‑breaker effects. He also said the county'wide yield could be "about 1.3 million at full rate provided that caps didn't come into place."
Commissioners discussed two timelines to meet DLGF filing windows and public‑engagement preferences. Commissioner Brand said he preferred a slower timeline to give more time for public input; a second commissioner said the shorter timeline could meet submission deadlines. Commissioner Brand moved "to move forward with a proposed start date of May 1, 2026 and the proposed ending date ... June 29th," and the motion passed on a roll call vote with all three commissioners voting yes.
What happens next: county staff and Baker Tilly will prepare the required newspaper notices, schedule the public hearing and draft the ordinance and certificate for DLGF submission. The remonstrance period will follow publication and the county will not draw CCD funds until formal adoption and DLGF processing allow implementation (projected earliest use in the 2027 budget cycle if adopted).
