The Lawrence County Board of Education will hold a public hearing at the Lawrence County High School Library located at 100 Bulldog Lane, Louisa, Kentucky on March 15, 2017 at 5:30 PM to hear public comments regarding a proposed general fund tax levy of 54.3 cents on real property and 57.1 cents on personal property.
The General Fund tax levied in fiscal year 2015 – 2016 was 52 cents on real property and 52 cents on personal property and produced revenue of $4,433,736. The proposed General Fund tax rate of 54.3 cents on real property and 57.1 cents on personal property is expected to produce $4,612,020.79. Of this amount $1,141,698.84 is from new and personal property. The compensating tax for 2017 is 47.4 cents on real property and 51.7 cents on personal property and is expected to produce $4,061,975.90.
The general areas to which revenue of $178,284.79 above 2015 – 2016 revenue is to be allocated are as follows: Cost of collections, $5,348 and building fund, $172,936.79.
The General Assembly has required publication of this advertisement and information contained herein.
