tax

Education
12:14 pm
Fri December 13, 2013

Local Kentucky School Tax Revenue and Results, A Complicated Matter

Credit Shutterstock.com

As we reported Thursday, the amount of local revenue that school districts could potentially generate by raising taxes varies widely. Some of the richer areas can raise hundreds of dollars more per student than others. Some say that's created another type of inequity in school funding over the past few years while per-pupil spending at the state level has deceased.

Read more
Education
11:08 am
Fri August 30, 2013

JCPS School Board Member David Jones Jr. Talks Tax Increases, Says More Restructuring Needed

Jefferson County Board of Education member David Jones Jr. says although the board’s recently approved tax increase will bring in new revenue, real savings and supports will come from making the district more efficient.

Read more
Education
12:20 pm
Thu August 29, 2013

Oldham School Board Votes On Maximum Tax Hike Tonight

Credit File photo

The Oldham County School Board will vote Wednesday night on whether to approve its largest tax increase of the past 10 years. 

Superintendent Will Wells says the district has already made $3 million in cuts and part of balancing the district's budget will also require raising taxes, which he says will allow Oldham Schools to maintain the academic programs that are working.

Read more
Local News
12:08 pm
Sat August 4, 2012

Is a Local Sales Tax Option Good for Louisville?

Mayor Fischer has been an outspoken proponent of a local sales tax option for the city. At the Kentucky Chamber of Commerce's annual meeting in July, he explained: 

Let’s say we want a new forensic crime lab in Louisville, costs $35 million dollars, could be public transportation, could be schools—but again they’re optional. So in other words the voters of your city, the voters of your county get to vote yes or no.

Read more
Business
1:54 pm
Thu June 28, 2012

U of L Approved for State's Largest TIF District

U of L's Belknap TIF is over 900 acres.

 

Kentucky’s economic development cabinet has granted final approval for a special taxing district near the University of Louisville’s Belknap campus.  

The over 900-acre tax increment financing district is the largest ever approved by the state.   The TIF program will allow U of L to keep a portion of state and local taxes generated within the district.

U of L President James Ramsey says the district will help finance an engineering and applied sciences research park, much like the healthcare facilities developed in the downtown TIF district.

Read more