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Attention:  New CCD Deadline

By Paige E. Sansone, CPA, Principal, February 22, 2018

If you have a CCD fund, you may have noticed the rate declining over the past few years, possibly related to reassessment and annual trending. As a reminder, maximum CCD fund rates are:

  • Municipalities
    • $.05 – in counties that adopted CAGIT or COIT
    • $.04 – in counties that previously did not adopt CAGIT or COIT
  • Counties
    • $.0333 – in counties that adopted CAGIT or COIT
    • $.0233 – in counties that previously did not adopt CAGIT or COIT

The process to establish a CCD Fund or re-establish the rate to the maximum is the same, but be aware that the required process takes time and the Notice of Adoption must be submitted to DLGF by April 30. This is a new deadline and is much earlier than previous years. The previous deadline was August 31.

The process is generally as follows:

  • The legislative or fiscal body must approve the rate after conducting an advertised public hearing.
  • A Notice of Adoption is published which starts a 30-day remonstrance period whereby 50 or more taxpayers may file an objection.
  • When the remonstrance period ends, proofs of publication, signed ordinance or resolution and a procedure checklist (available from the DLGF) are forwarded to DLGF no later than April 30.

So, to complete the tasks required given the new deadline for submission, the county or municipality must start the process by March.  If you have questions, need assistance with establishing a cumulative fund or budget planning, please contact us at .(JavaScript must be enabled to view this email address).

Information in this article was believed current as of the date of publication. As you know, changes occur frequently. The information presented is of a general educational nature. Before applying to your specific circumstances, please contact us at vision@umbaugh.com.


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