The General Fund tax levied in fiscal year 2026 was 56.5 cents on real property and 56.5 cents on personal property and produced revenue of $2,920,679.19. The proposed General Fund tax rate of 57.2 cents on real property and 57.2 cents on personal property is expected to produce $3,052,983. Of this amount, $675,189 is from new and personal property. The compensating tax for 2027 is 55 cents on real property and 56.5 cents on personal property and is expected to produce $2,949,116.
The Bracken County Board of Education is proposing a general fund tax levy of 57.2 cents on real property and 57.2 cents on personal property plus 0.1 for exonerations. The proposed rate is expected to generate more revenue than received in the preceding year. The general areas to which revenue of $132,303.81 above 2026 revenue is to be allocated are as follows: Cost of collections, $3970; instruction, $112,000; transportation, $10,000; and maintenance of plant, $6333.81.
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.
