The latest proposal for an Economic Development Income Tax comes to a head this Saturday. To make sure its members understand how the tax works, the Builders Association of Kosciusko and Fulton County gathered Monday to hear the specifics of how EDIT is collected, distributed and spent.Providing those specifics were attorneys Richard Hill and Randolph Rompola of the Baker & Daniels law firm in South Bend, both of whom specialize in tax and municipal financing law. "The legislative theory behind EDIT is that governmental units can fund infrastructure improvement projects with a source of revenue other than a reliance on property taxes," Hill said. The tax was devised in the early 1980s to give county and municipal governments greater flexibility to address infrastructure needs that foster economic development, Rompola said.
DAVID A. BEALL, Times-Union Staff Writer- | July 28, 2016