If Cole County Collector Larry Vincent's proposed plan goes into effect, Jefferson City is going to get all of the surtax money it is owed.
It will just happen throughout the next 52 years.
The five-decade repayment plan was outlined Thursday in a meeting at the Jefferson City Area Chamber of Commerce between Vincent and representatives of the different taxing entities that either received too much surtax funds or did not receive enough as a result of an error made in the taxing formula in 1989.
Because of the statute of limitations, repayment can only be made for the last three years of payments, since 2007.
In that time, five entities, including Jefferson City, accrued almost a combined $800,000 in funds owed, with Jefferson City accounting for more than $750,000 of that amount.
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