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Notice of Public Hearing


NOTICE OF PUBLIC HEARING

    Pursuant to KRS 132.027, as amended by the Kentucky General Assembly Extraordinary Session of 1979, the City of Russellville will hold a Public hearing on Tuesday, September 3, 2019 at 4:45 p.m. at City Hall, Russellville, Kentucky to hear comments from the public regarding the proposed 2019 Tax Rates on Real Property.

    As required by law, this includes the following information:

Tax Rate per
$100 Assessed
Valuation

                                                                               Revenue:
1.   Preceding Year Tax Rate and Revenue            .255           724,675
Produced from Real Property

2.   Tax Rate Proposed for Current Year and    .255                    769,993    
      Expected Revenue from Real Property

3.   Compensating Tax Rate and Expected        .220                     724,700       
Revenue from Real Property

4.   Revenue Expected from New Real                                        N/A            
Property - Less Exemptions

5.   Preceding Year Tax Rate and Revenue           .329                194,437      
      Produced from Personal Property      

6.   Tax Rate Proposed for Current Year and        .329                 215,433       
      Revenue Expected from Personal Property      

    The City of Russellville proposes to exceed the compensating rate by levying a proposed rate of .255, the same rate as for the 2018 year.   If revenues are in excess of the revenue produced in the preceding year revenues will be spent in the following areas of City government:  Administrative, Police, Fire, Streets, Cemeteries, Parks and Recreation and Service Center.

THE KENTUCKY GENERAL ASSEMBLY HAS REQUIRED PUBLICATION OF THIS ADVERTISEMENT AND THE INFORMATION CONTAINED HEREIN.
CITY OF RUSSELLVILLE, KENTUCKY


Robert F Nishibun
City Clerk / Treasurer