The Indiana County Commissioners have given preliminary approval to the 2018 budget.
That budget contains no tax increases, so real estate taxes will remain at 4.445 mils, with .76 mils going to debt service.
Speaking of debt, it was announced that the County Commissioners plan to re-finance six of eight loans that the county has with several area banks. As part of that, they approved an ordinance for the first phase of refinancing that will expect to reduce the debt financing by $1.3 million in payments next year. County Commissioners Chairman Mike Baker said that the refinancings will help speed up the debt payment process, and allow them to work with no tax increase for the next year.
The budget is on display for the next 20 days, and is expected to be approved at a meeting in December.
In other business, the commissioners tabled an agreement for a new body scanner at the Indiana County Jail. County Commissioner Rod Ruddock said they want to delay making a decision until the next meeting so that they can make sure they have the reserve funds available to cover the $105,000 cost.
[xyz-ihs snippet=”ST-Bank”]
