Cedar Lake creates funds for incoming tax money

2014-02-01T00:00:00Z Cedar Lake creates funds for incoming tax moneyMary Wilds Times Correspondent nwitimes.com
February 01, 2014 12:00 am  • 

CEDAR LAKE | The Town Council has created funds for incoming tax money.

In the first action, the council created a non-reverting fund for the County Economic Development Income Tax. The town will be collecting $17,000 per month in CEDIT money this year.

The council also established a Public Safety Town Adjusted Gross Income Tax Revenue non-reverting fund. Money for this fund will be $13,500 per month.

Money for both funds derive from the Lake County Income Tax, passed last year by the Lake County Council.

Mary Wilds,

Times Correspondent

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About Cedar Lake

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7408 Constitution Ave Cedar Lake, IN 46303
219.374.7000

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219.374.5416

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P.O. Box 459
9400 W 133rd Ave. Cedar Lake, IN 46303
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Hanover Community School Corporation

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