8 28 18 Tax Rate Hearing Audio

This hearing is being held pursuant to the provisions of KRS 160.470 for the purpose of hearing public comments regarding a proposed 2019 General Fund tax levy of 72.5 cents on real property and 72.5 cents on personal property.

The General Fund tax levied in fiscal year 2018 was 70.4 cents on real property and 70.4 cents on personal property and produced revenue of $473,279,750.80. The proposed General Fund tax rate of 72.5 cents on real property and 72.5 cents on personal property is expected to produce revenue of $510,454,293. Of this amount, $55,963,320 is from new and personal property. The compensating tax rate for 2019 is 69.5 cents on real property and 70.4 cents on personal property and is expected to produce $489,946,975.21.

The general area to which revenue of $20,329,551 above 2018 revenue is to be allocated is: Cost of Collections $475,343; Building Fund $709,947; Instruction $15,188,469; Transportation $1,568,482; and Maintenance of Plant $3,097,257. The General Assembly has required publication of this advertisement and information contained herein.

Submitted by: Cordelia Hardin

• 8 28 18 Meeting Notice