Skip to content

Board hears comments

Only one citizen spoke at a public hearing held by the McCreary County Board of Education last Friday night.

The hearing was held concerning a possible tax increase the Board could consider at this month’s meeting.

When setting the tax rates the Board will have three options to consider: the compensating rate, which would generate about the same revenue as the year before, the “4-percent rate”, which would generate about 4-percent more than the previous year, or a “nickel” tax, which would significantly increase revenue – but be subject to a public vote.

Kentucky law stipulates if a Board is to accept a 4-percent increase, a hearing must be held to allow for public comments.

The citizen stated she hoped the Board didn’t consider raising taxes by the whole 4-percent as advertised announcing the hearing.

She was informed by Central Office staff that the 4-percent raise does not equal a four-percent increase in local taxes; it only signifies the revenue for the Board would increase by that much.

The actual increase for individual taxpayers if the Board opts for the 4-percent option would be a 1.3 percent raise, or 1.1 cents per $100 of property value.

According to McCreary County School District Superintendent Mike Cash the increase of 1.1 cents per $100 of property if the 4-percent raise is adopted is expected to produce an estimated $176,000 in additional revenue over the previous year.

The Board is expected to vote on the 2016-17 tax rates at their next meeting, scheduled for September 22 at 6:30 p.m. in the Central Office.

Leave a Comment