From collection New Albany Public Library News Collection
Public weighs in on tax increases
"The public expressed both positive and negative reactions to the Floyd County Council last night about the idea of raising income taxes to offset $3.7 million in lost revenue [that formerly came from the business inventory tax, which has been eliminated]". One option the county has, to make up the lost revenue, is to raise property taxes; none of the Council members want to do that.. Other options: Raise EDIT or impose new type of tax (CAGIT: County Adjust Gross Income Tax).