The Paducah Independent Board of Education will hold a
public hearing in the Central Office, 800 Caldwell Street on September 16, at
5:30 pm to hear public comments regarding a proposed general fund tax levy of
86.4 cents on real property and 86.4 cents on personal property.
The General Fund tax levied in fiscal year 2019 was 84 cents
on real property and 84 cents on personal property and produced revenue of
$8,428,869.71. The proposed General Fund tax rate of 86.4 cents on real
property and 86.4 cents on personal property is expected to produce
$9,093,746.34. Of this amount $1,827,657.27 is from new and personal property.
The compensating tax for 2020 is 83.1 cents on real property and 84 cents on
personal property and is expected to produce $8,763,966.65.
The general areas to which revenue of $664,876.63 above 2019
revenue is to be allocated are as follows: Cost of collections, $14,959.72;
higher pension fund from the state, $40,000; maintenance of plant, $609,916.91,
to be in compliance by the 2022-23 school year with the School Safety &
Resiliency Act passed by the General Assembly in 2019.
IMMEDIATELY FOLLOWING THIS HEARING:
The regular meeting of the Paducah Board of Education will be held at 6 pm September 16
at the Central Office, 800 Caldwell Street.