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New jail's cost raises concerns
By The Journal Review
Published: 08/14/2006

COVINGTON, IN - Fountain County officials say some misleading information has been circulating concerning how much the building of a new county jail near Veedersburg will cost residents.

According to cost estimates prepared for the county by London Witte Group LLC in November, a home with a market value of $50,000 would pay an additional $8.87 in taxes per year in service of the debt under a 20-year lease.

That same home would pay $10.06 per year under a 15-year lease or $12.95 per year under a 10-year lease...Read more.

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