NOTICE OF HEARING
GARRARD COUNTY BOARD OF EDUCATION
The Garrard County Board of Education will hold a public hearing at the Garrard Education Center, located in Lancaster, Kentucky on Thursday, September 14, 2017, at 5:30 PM for the purpose of hearing public comments regarding a proposed general fund tax levy of 67.5 cents on real property and 67.5 cents on personal property. These rates include 0.2 cents for recovery of exonerations. Note that the location and time are different from what appeared in the August 31, 2017 edition of the Garrard Central Record.
The general fund tax levied in fiscal year 2017 was 65.4 cents on real property and 65.4 cents on personal property and produced revenue of $4,870,935. The proposed fiscal year 2018 general fund tax rate of 67.5 cents on real property and 67.5 cents on personal property is expected to produce $5,187,242. Of this amount $368,996 is from new and personal property. The compensating rate for fiscal year 2018 is 65.0 cents on real property and 65.0 cents on personal property and is expected to produce $4,998,402.
The general area to which revenue in excess of $316,307 above fiscal year 2017 revenue will be allocated is instruction and technology.
The General Assembly has required publication of this advertisement and the information contained herein.