DAYTON INDEPENDENT BOARD OF EDUCATION
The DAYTON INDEPENDENT BOARD OF EDUCATION will hold a public hearing in the Dayton Administration Building, 200 Clay Street, Dayton, Kentucky 41074 on August 27, 2014 at 5:45p.m. to hear public comments regarding a proposed general fund tax levy of 108.1 cents on real property and 108.1 cents on personal property.
The General Fund tax levied in fiscal year 2014 was 102.9 cents on real property and 102.9 cents on personal property and produced revenue of $1,713,701. The proposed General Fund tax rate of 108.1 cents on real property and 108.1 cents on personal property is expected to produce $1,811,400. Of this amount, $145,114 is from new and personal property. The compensating tax rate for 2015 is 103.7 cents on real property and 103.7 cents on personal property and is expected to produce $1,742,506.
The general areas to which revenue of $97,699 (100% collection) above 2014 revenue is to be allocated are as follows: Cost of Collections, $1,465; Building Fund, $5,764; Instruction, $83,670; Transportation, $800 and Maintenance of Plant, $6,000.
The General Assembly has required publication of this advertisement and the information contained herein.