Valparaiso residents will have to wait until next month to weigh in on a proposed tax hike. The city council planned to hold a public hearing Monday on the reestablishment of the Cumulative Capital Development (CCD) Fund, but City Attorney Patrick Lyp said that's had to be pushed back until April 11.
"I think the issue was concerning public notice. The appropriate notice was not provided for the public hearing, and so we need to continue that," Lyp told council members.
If approved by the council, the ordinance would raise the CCD rate from just over one cent per $100 of assessed valuation to its maximum rate of four cents. But those with homes valued at or above $150,000 are expected to see little or no increase, due to the property tax cap.
