News & Information

Economic Development Fund

On February 23, 2018, the City of New Albany requested approval for additional disbursements from the Economic Development Fund in the sum not to exceed $4,000,000 to pay costs of the following in support of economic development: to pay for shuttle service in 2018 for business park employees between the COTA Park and Ride and their places of employment, in…

Community Authority Reduces Millage to 3.4

On September 3, 2018, the New Albany Community Authority Board of Trustees voted unanimously to reduce the 2018 Community Development Charge to 3.4 mills from 3.75 mills. This is the 17th year in a row that the Charge has been maintained or reduced from the prior year’s rate. The Charge is to be collected by Franklin County with property taxes…

Community Authority Refinances Infrastructure Debt

On December 1, 2017, the Authority repaid the remaining $3,190,000 in bonds outstanding on from the 2011 Series D Infrastructure Bond issue. On December 14, 2017, the Authority issued $9,210,000 in new Infrastructure Bonds (Series E) for construction of Road Infrastructure Improvements in the Beech Road south area. The term of the bonds is 15 years, to be repaid from…