Proposed Tax Notification for Non-Recallable Rates
The Boone County Board of Education is proposing a general fund tax levy of 64.6 cents on real property and 65.5 cents on personal property.
The General Fund tax levied in fiscal year 2026 was 65.5 cents on real property and 65.5 cents on personal property and produced revenue of $137,677,258.40. The proposed General Fund tax rate of 64.6 cents on real property and 65.5 cents on personal property is expected to produce $147,783,744.54 at a 100% collection rate. Of this amount, $27,338,459.61 is from new and personal property. The compensating tax for 2027 is 62.2 cents on real property and 63.2 cents on personal property and is expected to produce $142,344,651.89 at a 100% collection rate.
The proposed rate is expected to generate more revenue than received in the preceding year. The general areas to which revenues above 2026 revenues is to be allocated are as follows: Cost of collections, restricted to building fund, and the remaining funds will be allocated to the General Fund to continue to support salaries, instructional technology, student safety, an early childhood center, and general inflation affecting daily operations.
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.