In order to protect $225,000 in city revenue, Hodgenville City Council approved an annexation ordinance Monday night that cleans up some records on the books.
City government is required to complete a valid map by Jan. 1, 2010, in order to comply with new regulations regarding the municipal insurance premium tax. The 9 percent tax that is added to property insurance provides almost a quarter-million dollars annually to Hodgenville’s budget.
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