The Laurel County Board of Education is proposing a general fund tax levy of 45.6 cents on real property and 45.6 cents on personal property.
The General Fund tax levied in fiscal year 2026 was 46.2 cents on real property and 46.2 cents on personal property and produced revenue of $19,977,831.55. The proposed General Fund tax rate of 45.6 cents on real property and 45.6 cents on personal property is expected to produce $21,221,395. Of this amount, $2,714,756 is from new and personal property. The compensating tax for 2027 is 43.1 cents on real property and 46 cents on personal property and is expected to produce $20,230,609.
The proposed rate is expected to generate more revenue than received in the preceding year. The general areas to which revenue of $1,243,563 above 2026 revenue is to be allocated are as follows: $186,534 Building fund, $600,000 transportation, $457,029 instructional
This information is published pursuant to KRS 160.470. The proposed tax rate is not subject to recall under KRS 132.017.
The General Assembly has required publication of this advertisement and information contained herein