School board keeps property tax rate same
by Franklin Clark, Reporter -- fclark@cadizrecord.com
Aug 14, 2013 | 117 117 recommendations | email to a friend | print
<i>Franklin Clark/Cadiz Record<p>
Bruce Nelson (above left) of JKS Architects gave board members an update on Primary School project.</i>
Franklin Clark/Cadiz Record

Bruce Nelson (above left) of JKS Architects gave board members an update on Primary School project.

slideshow
Property tax rates will stay the same, members of the Trigg County Board of Education decided at a meeting Thursday night.

Board members kept the property tax rate for real and personal property at 48.9 cents per $100 of assessed value. This was both the same rate as last year and the compensating rate, meaning a public hearing will not be necessary. The compensating rate is calculated to generate the same amount of revenue as last year.

Although Trigg County School Superintendent Travis Hamby made the recommendation to keep the rates the same, he thinks they’ll have to look at this every year and will likely have to increase rates in future years.

“The state is continuing to decrease their funding of school districts, while local school districts are continuing to having to increase their amounts of money to take care and support the local school districts,” said Hamby.

For the rest of this story, see this week's issue of The Cadiz Record or subscribe to our e-Edition by calling 270-522-6605.
Weather
Click for Cadiz, Kentucky Forecast
Sponsored By:
Beaus Blog Logo
Read Beau's Daily Analysis