Lebanon Reporter

Local News

July 10, 2012

No increase in Boone CCD this year

Boone County — Fifteen seconds of silence killed a proposal to raise Boone County’s cumulative capital development (CCD) fund to the maximum amount allowed.

No one spoke after County Council President Steve Jacob asked Tuesday, “Do I hear a motion to pass this ordinance” after the council considered boosting the rate to the maximum 3.33 cents per $100 of assessed valuation.

“Hearing none, the motion dies,” Jacob said — although the idea could be reincarnated.

For more of the story, see The Lebanon Reporter or subscribe to the eEdition.

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