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Entities offered surtax deals

Entities offered surtax deals

Blair Oaks reviews repayment plan; Jefferson City Council to vote Monday

November 10th, 2010 in News

County Collector Larry Vincent said agreements between the county and the different taxing entities were sent out late last month and last week, allowing all parties involved the necessary time to review the proposals and return them before the end of the month.

The process is the result of a mistake made in 1989 to Cole County's surtax formula, which incorrectly distributed and taxed 13 different entities in the county.

Vincent explained that nothing is final yet, since none of the agreements have been signed and sent back.