8 22 17 JCBE Meeting Audio

• 8 22 17 Meeting Notice

Tax Rate Hearing

 For Fiscal Year 2017-18

This hearing is being held pursuant to the provisions of KRS 160.470 for the purpose of hearing public comments regarding a proposed 2018 General Fund tax levy of 70.4 cents on real property and 70.4 cents on personal property.

The General Fund tax levied in fiscal year 2017 was 70.8 cents on real property and 71.0 cents on personal property and produced revenue of $448,395,867.10. The proposed General Fund tax rate of 70.4 cents on real property and 70.4 cents on personal property is expected to produce revenue of $487,121,674. Of this amount, $55,079,417 is from new and personal property. The compensating tax rate for 2018 is 67.6 cents on real property and 67.6 cents on personal property and is expected to produce $467,747,516.30.

The general area to which revenue of $21,371,813 above 2017 revenue is to be allocated is: Cost of Collections $321,297; Building Fund $1,958,853; Instruction $13,152,547; Transportation $1,393,691; and Maintenance of Plant $4,545,425. The General Assembly has required publication of this advertisement and information contained herein.

A motion to adjourn the August 22, 2017, tax-rate hearing

Order #252 - Motion Passed:  A motion to adjourn the August 22, 2017, tax-rate hearing passed with a motion by Mrs. Linda Duncan and a second by Mr. Benjamin Gies.