County council defers school request again

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$2 million loan would impact other taxing units

By Kevin Koelling, Managing Editor

TELL CITY - County-council members and representatives of the Tell City-Troy Township School Corp. opted Wednesday to meet again at 8 a.m. Tuesday to help the council decide whether to support the school district's request to borrow $2 million in interest-free money.

That loan is projected to reduce by $140,000 the property-tax revenues all taxing units in the county will have collectively available. The county's reduced spending power is expected to drop by $32,000, according to a fiscal consultant.  

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