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Atlanta council reestablishes cumulative capital fund, setting modest tax rates for 2027–28
Summary
The Atlanta Town Council adopted ordinance 2026-03-02 to reestablish a cumulative capital development fund under Indiana Code 36-9-15.5, proposing $0.0333 per $100 assessed valuation for taxes payable in 2027 and $0.05 per $100 for taxes payable in 2028 and thereafter; adoption was by voice vote after a public hearing.
The Atlanta Town Council adopted ordinance 2026-03-02 on April 13, 2026, reestablishing a cumulative capital development fund as authorized by Indiana Code 36-9-15.5. The ordinance sets a tax rate not to exceed $0.0333 per $100 of assessed valuation for taxes payable in 2027 and $0.05 per $100 for taxes payable in 2028 and thereafter, until reduced or rescinded.
Council opened the advertised public hearing on the ordinance, reviewed the statutory requirements and noted that a certified copy will be submitted to the Department of Local Government Finance for rate certification. Council members clarified timing and phrasing in the ordinance language to confirm when the 2027 payable tax would be assessed and noted prior approvals that had been in place for earlier years. No public opposition was recorded during the hearing.
A motion to adopt ordinance 2026-03-02 was made, seconded and approved by voice vote. The council then moved to close the public hearing and proceed with the regular meeting.
The ordinance text, as read in the hearing, limits the fund and requires DLGF certification of the tax rate; the council will follow the certification process required by state law before the tax levy is finalized.
