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Content about Public finance

December 28, 2013

City, county and school board leaders are considering negotiating tax incentives that could bring $6.2 million in taxable value improvements to the county in the form of an expansion of the Young Automotive Group.

City, county and school board leaders are considering negotiating tax incentives that could bring $6.2 million in taxable value improvements to the county in the form of an expansion of the Young Automotive Group.

September 1, 2013

The Morgan County Council is on the lookout for residents being inappropriately taxed for telecommunications on their cell phone bill.

County investigates cell phone telecom tax
 
The Morgan County Council is on the lookout for residents being inappropriately taxed for telecommunications on their cell phone bill.

May 11, 2013

After researching the facts, talking to community members and maybe even viewing one of the Morgan County School District’s community presentations regarding the voted local levy, you may be wondering how you can keep an eye on tax rates should the levy pass.

After researching the facts, talking to community members and maybe even viewing one of the Morgan County School District’s community presentations regarding the voted local levy, you may be wondering how you can keep an eye on tax rates should the levy pass.

April 20, 2013

In my opinion, to take more money from the pockets of Morgan residents demonstrates arrogance of the Morgan school board members and Superintendent who want to preserve or expand the status quo rather than looking for ways to cut programs, eliminate waste, and better manage existing tax revenue.  

In my opinion, to take more money from the pockets of Morgan residents demonstrates arrogance of the Morgan school board members and Superintendent who want to preserve or expand the status quo rather than looking for ways to cut programs, eliminate waste, and better manage existing tax revenue.  

January 4, 2013

Auditors gave Morgan City a clean bill of financial health during the fiscal year 2012 financial report.

Auditors gave Morgan City a clean bill of financial health during the fiscal year 2012 financial report.
Tax revenues increased $30,000 and sales tax increased $50,000 compared to the prior year.

November 23, 2012

The last issue of TMCN reported that the Cottonwoods subdivision developer had requested incremental tax funding for a reservoir that he/they want to develop in conjunction with his North Side Creek subdivision.  Incremental tax is the tax difference between the undeveloped land (the bare lot) and the property after it has been developed (i.e., in this case after homes have been built on the lots).

Dear Editor:

November 20, 2012

Developer Rulon Gardner has plans for a new 22-lot development, and is approaching the county and school board about the possibility of using tax increment funding to build a reservoir feature.  The reservoir would double as a private amenity for the development as well as storage for secondary water.

Developer Rulon Gardner has plans for a new 22-lot development, and is approaching the county and school board about the possibility of using tax increment funding to build a reservoir feature.  The reservoir would double as a private amenity for the development as well as storage for secondary water.

August 29, 2012

An economic development attorney has asked Morgan County to shake off the webs and dust that has collected on its Redevelopment Agency created in the days of Garth Day and kick things into gear again.

An economic development attorney has asked Morgan County to shake off the webs and dust that has collected on its Redevelopment Agency created in the days of Garth Day and kick things into gear again.

July 19, 2011

The Morgan County School Board struggled on Tuesday night to find a solution to a shortfall of more than $100,000 in transportation funds caused by the increase in fuel costs.  The largest challenge is the overruns caused by picking children up for school and dropping them off.  A secondary issue is the number and length of trips taken by activity organizations (sports, band, choir, etc) and field trips at the elementary and middle school.