Hamilton County Commissioners are hammering out the 2013 budget. Lone democrat Todd Portune released his proposal today/yesterday. Key to his 5-year plan is generating extra funds through a state provision allowing counties with land banks to issue securities based on expected tax revenues.
"While the use of this vehicle is limited to counties that are land bank counties, nowhere in the legislation, and nowhere have I found, are the use of the proceeds limited to just land bank activities," he says.
