Franklin County
August 25, 2008 7:00 PM
Special Meeting
I. Call to Order
Rationale

The mission of the Franklin County Public Schools is to educate students in a community-involved learning environment that ensures all students will achieve their greatest individual potential in order to succeed in a global society.



Please silence all cell phones.

II. Approve Tax Rate for 2008-2009
Rationale

As required by KRS 160.470 (7), advertising and hearing requirements must be met in order to levy a tax rate that exceeds the compensating tax rate. 

Advertisements were placed in The State Journal local newspaper on August 11 and 18 for the public hearing on August 25 at 6:00 p.m. at the Franklin County Board of Education.

The purpose of the hearing is to entertain public comments related to a proposed tax levy of 57.1 cents on real property and 57.1 cents on personal property.

In 2007-08, a property tax rate of 52.1 was levied by the Franklin County Board of Education.  For 2008-09, a tax rate of 57.1 is proposed for both real estate and tangible personal property. 

The 5 cent (subsection 1 levy) will generate approximately an additional 1,203,580 beyond the 4% levy.  With this Increased Revenue in 2009, we would be able to fund the following:

*Literacy Program (reading and writing interventions)        $ 340,000

*Gifted & Talented Program                                                        $ 100,000

*Textbooks                                                                                     $    50,000

*Career Technical Center                                                             $  70,526.24

*School Resource Officers (2)                                                    $ 106,053.76

*School Nurse (.5)                                                                          $   37,000

*Balance our Contingency Funds                                             $ 500,000


Attachments
Recommended Motion

Approve the tax levy of 57.1 cents for both real estate and tangible personal property.

Actions Taken

Order #45 - Motion Passed:  Approve the tax levy of 57.1 cents for both real estate and tangible personal property. passed with a motion by Mr. Doug Crowe and a second by Tim Metzger.

III. Approve Motor Vehicle Tax Rate for 2008-2009
Rationale

The Board is required to set the tax rate for 2009 for all motor vehicles.  The proposed rate of 51.0 cents is the same rate that has been levied since 1983.

Recommended Motion

Approve the continuation of the tax rate of 51.0 cents for all motor vehicles for 2009.

Actions Taken

Order #46 - Motion Passed:  Approve the continuation of the tax rate of 51.0 cents for all motor vehicles for 2009. passed with a motion by Mr. Doug Crowe and a second by Tim Metzger.

IV. Adjournment
Rationale

The next meeting of the Franklin County Board of Education will be Monday, September 2, 2008 at 7:00 p.m.

Recommended Motion

That the meeting be adjourned

Actions Taken

Order #47 - Motion Passed:  That the meeting be adjourned 7:28 passed with a motion by Mr. Doug Crowe and a second by Larry B. Perkins.