School Board to Consider Tax Increase Thursday
By Bill Hughes
PADUCAH - Discussion at Thursday night's McCracken County School Board meeting will include their annual decision about the property tax rate they pass on to county residents.
Currently the tax rate is 53.8 cents per $100 of assessed property value, but Board Chair Chris Taylor says that could be increased by up to four percent.

"We'll have an open discussion with board members and the superintendent and the finance officer of the district will present to us a tax rate. At the end of that meeting we'll vote on what we feel like what we need to do." Taylor said.
Figures given to Taylor show that a four percent tax increase on a home valued at $100,000 would be $1 per month, or a $12 increase annually. That would generate $660,000 more for the district's general fund. 

Although construction has just begun on the new Lone Oak Middle School, Taylor says that project is funded by bonds. The tax increase, if passed, would go toward other maintenance issues throughout the district.

Taylor said, "The tax increase would be mostly used for facility needs at our other schools - roofs, parking lots - and also taking a look at school safety, to make sure all of our schools are up to date, safety-wise for our students, and just the general upkeep of buildings and grounds we have."

Legally, school districts are able to increase the tax by 4 percent per year. Anything over that amount would require specific approval by voters. 

The meeting is at 5:30 pm Thursday at the school board office on Benton Road in the Reidland area.

Published 01:45 AM, Wednesday Aug. 21, 2019
Updated 09:17 PM, Monday Aug. 26, 2019

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