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1.
Call to Order
2.
Roll Call
3.
Public Hearing regarding a proposed general fund tax levy of 88.5 cents on real property and 88.5 cents on personal property. These rates are the result of revised rates presented to the district by the Kentucky Department of Education on August 31, 2020.
The General Fund tax levied in fiscal year 2020 was 88.5 cents on real property and 88.5 cents on personal property and produced revenue of $1,271,830.05. The proposed General Fund tax rate of 88.5 cents on real property and 88.5 cents on personal property is expected to produce $1,284,343.10. Of this amount $286,613.08 is from new and personal property. The compensating tax for 2021 is 87.5 cents on real property and 88.5 cents on personal property and is expected to produce $1,272,914.02.
The general areas to which revenue of $12,513.10 above 2020 revenue is to be allocated are as follows: Cost of collections, $375.39 and instruction, $12,137.71.
The General Assembly has required publication of this advertisement and information contained herein.
4.
Public Comments
5.
Adjourn
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