SB 123 (BR 1466) - L. Casebier
AN ACT relating to local school district taxes.
Amend KRS 160.640, relating to school taxes, to delete the requirement that ad valorem taxes must obtain the amount of money needed as shown in the school district's budget; amend KRS 160.470 to delete requirement for publishing notice of public hearing for two consecutive weeks and permit a school board to levy a general tax rate that produces revenue that is four percent above the revenue produced by the compensating tax rate; and amend KRS 424.250 to require the school board to publish the notice of the tax rate levy in a qualified newspaper.
Jan 28-introduced in Senate
Feb 2-to Appropriations and Revenue (S)