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Floyd County Commissioners re-establish CCD fund, approve higher maximum rate
Summary
The Board approved FCO 2025-11 to re-establish the County Capital Development (CCD) fund, increasing the maximum rate from 0.0167 to not exceed 0.0333; commissioners said proceeds will support the administrative building and courthouse projects.
Floyd County commissioners on April 1 approved FCO 2025-11 to re-establish the County Capital Development (CCD) fund and set a new maximum rate "not to exceed .0333," up from the fund’s April 2023 rate of .0167, County Attorney Kristi Fox said.
"As long as I am in this office, the funds are going for the projects which include the administrative building and the county courthouse," President Al Knable said during the meeting. Commissioners moved and seconded the ordinance and passed it by unanimous consent.
The action was taken after a public hearing at which resident Joseph Moore said he opposed raising the rate. The ordinance was presented as a re-establishment rather than a newly created levy; the transcript records the previous rate and the new ceiling but does not record an exact new adopted percentage below the ceiling.
