The Marshall County Board of Education adopted the proposed general fund tax levy of 43.7 cents on real property and 45.1 cents on personal property.
The General Fund tax levied in fiscal year 2026 was 44.9 cents on real property and 45 cents on personal property and produced revenue of $14,732,546.67. The proposed General Fund tax rate of 43.7 cents on real property and 45.1 cents on personal property is expected to produce $15,719,483.35 at 100% collection. Of this amount, $2,248,754.38 is from new and personal property. The compensating tax for 2027 is 42.1 cents on real property and 44.7 cents on personal property and is expected to produce $15,200,596.90.
The adopted rate is expected to generate more revenue than received in the preceding year. The general areas to which revenue of $986,936.68 above 2026 revenue is to be allocated are as follows: Cost of collections, $31,582.08; building fund, $279,608; state support reduction gap, $539,267; instruction, $136,479.60.
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.