Tribune-Courier General Manager
Just as students in Marshall County headed back to the classroom on Monday, the school board is saying an increase in taxes is necessary to maintain the district’s obligations.
The Marshall County Board of Education will hold a public hearing on August 23 at 5:30 p.m. to hear public comments regarding the tax increase which would take the general fund tax levy from 38.9 cents to 40.2 cents.
The system hopes to gain an additional $228,996, taking the revenue from $6,834,913 to $7,233,472, once the 30 cent local effort required for participation in state funding has been deducted.
According to Jill Morris, Finance Officer for the system, the proposed increase would take effect with the tax bills that will be mailed this year.
She said the money generated from the increase will help to offset expenses which have been shifted from the state level to the district level, specifically the matching cost of health insurance for employees and county retirement matching costs. She said it will also help to offset some of the grant funding which has been eliminated.
Morris said it is unlikely the revenue generated will be used to hire additional staff. “We do not expect it to make any impact on staff reductions that were made at the end of last year’s school season,” she said.
Morris said the impact of the increase would amount to a $15 difference on property assessed at $100,000.
School Board member Rocky Hudson said, “As the cost of providing an education increases, we feel we must take action to maintain the level of funding.”
Kentucky statute requires school districts to advertise in a prescribed manner the desire for a tax increase and to hold a public forum. The first of two such ads is running in today’s edition of The Tribune-Courier.