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I.
Call to order
In light of the Governor having declared a state of emergency within the Commonwealth on March 6, 2020, as a result of the COVID-19 outbreak and in compliance with guidance issued by the Executive Branch on March 12 and 16, 2020, regarding the conduct of meetings of state boards and commissions during the emergency period, this meeting will be conducted by video-teleconference and available for live public viewing at the following link: JCBE MEETING VIDEO
II.
Recommendation for Approval of Tax Rates for Fiscal Year 2020-21
In compliance with KRS 160.470 and the administrative regulations of the Kentucky Board of Education, the Jefferson County Board of Education is required to approve tax rates. This proposed rate increase of 7.0 cents will be for the fiscal year beginning July 1, 2020, through June 30, 2021.
Of this 80.6 cents rate, 7.0 cents will be subject to recall as it exceeds the current 4% rate of 73.6 cents per $100 assessment. Required advertisements were placed in the Courier-Journal on May 6, 2020, and May 13, 2020. The public hearing is being held on May 21, 2020, prior to this board meeting. For rates subject to recall, as required by KRS 160.470(8), an additional advertisement will be placed within 7 days following this board meeting should the board vote to levy a recall rate.
The total estimated gross revenue generated by the 80.6 cents rate for the fiscal year 2020-21 is $593,996,624.
This item supports Vision 2020 Strategy 3.1.4 Ensure responsible stewardship of resources.
Submitted by: Cordelia Hardin
Attachment
Superintendent Martin Pollio recommends the Board of Education approve the General Fund tax rate of 80.6 cents on real property and 80.6 cents on personal property for the Fiscal Year 2020-21. This rate represents a 7 cents increase to the current rate of 73.6 cents.
Order #2020-60 - Motion Passed: Superintendent Martin Pollio recommends the Board of Education approve the General Fund tax rate of 80.6 cents on real property and 80.6 cents on personal property for the Fiscal Year 2020-21. This rate represents a 7 cents increase to the current rate of 73.6 cents. The recommendation passed with a motion by Dr. Corrie Shull and a second by Mr. James Craig.
III.
Adjournment
Order #2020-61 - Motion Passed: A motion to adjourn passed with a motion by Mr. James Craig and a second by Mr. Joseph Marshall.
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