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.