School plans utility tax hike
by Jake Lowary --
Aug 03, 2005 | 0 0 comments | 1 1 recommendations | email to a friend | print
Following regular business at the Trigg County Board of Education meeting, Superintendent Tim McGinnis made the recommendation to the board that they look at raising the utility tax by half of one percent, which will hopefully generate additional revenue for the school system.

“We have needs and (you) know that,” McGinnis said referring to poor heating and cooling in the elementary school, faulty roofs on several buildings in the district and other needs the school has.

Trigg County currently sits at the bottom in comparison to 175 other county and independent school districts around the state. Most are at 3 percent, which is where Trigg will sit if the tax hike is approved, as it currently sits at 2.5 percent.

Lewis County is the only other school district in the state that has a 2.5 percent utility tax levy. Fifteen others are below Trigg County.

McGinnis said that because Trigg County is at the bottom of the list, it makes him “more comfortable” to ask the board for the tax hike, however it is something that he is not excited about doing.

“Any time I go to the board and say ‘We need to take advantage of our revenue’ knowing that it impacts the local people, I don’t enjoy that,” McGinnis said.

However, he still plans to ask the board for the hike, which will generate an extra amount of revenue for the schools here.

According to McGinnis’ calculations, the levy – assuming it is collected the entire fiscal year – would generate $104,866 in additional dollars that the school could dole out at their own discretion. The total amount collected on the utility tax would be $629,194.

Also, the board has the option – as provided by House Bill 44 – to increase the revenue by 4 percent, or four tenths of a cent per hundred dollars of assessed value, every year. Last year they elected to do this by raising the property tax levy, generating an extra 4 percent in revenue.

For the rest of this story, please see this week's edition of The Cadiz Record.
Click for Cadiz, Kentucky Forecast
Sponsored By:
Beaus Blog Logo
Read Beau's Daily Analysis