HOPKINS COUNTY, Ky. (8/20/13) – The Hopkins County Fiscal Court gave first reading to the county's tax rate during its regularly scheduled bi-monthly meeting on Aug. 20 at the County Government building in Madisonville, and a resolution to pursue funding for a regional sports complex failed.
The rate for real property was approved at 14.40 cents per hundred dollar assessment and rates for motor vehicles and watercraft was approved for 10.03 cents per hundred dollar assessment. Both are the same rates as last year, said Judge-Executive Donnie Carroll.
The rate for tangible personal property was recommended for 22.76 cents per hundred dollars assessment, which is the maximum allowable increase from last year's rate, but a motion to amend by Magistrate Shaun Roberts would set the rate at 22.48 cents per hundred dollar assessment.
"Our value (assessments) have increased," said Roberts. "So, my question is, 'Why increase the rate, too?' I make a motion to go back to 22.48 to be consistent with last year."
Magistrate Chris Toney seconded the motion to amend the ordinance's first reading leaving it at 22.48. Votes from the magistrates on the amendment were: Karol Welch, yes; William Groves, no; Toney, yes; Larry Wilson, no; Roberts, yes; Charlie Beshears, yes; and, Maurice Wilson, yes.
After first reading of the tax ordinance and publication of it, a second reading will be required to pass it.
A resolution authorizing the judge-executive to enter into an agreement for a tax-exempt commercial term loan between the county and First United Bank failed after no one seconded Wilson's motion to approve. The purpose of the loan would have been for construction of a regional sports complex off the Pennyrile Parkway.
In other business, fiscal court voted to accept the withdrawal of the City of Nortonville from the Southside Environmental Authority and to dissolve the authority. Nortonville has secured grant funding to maintain its own sewer system.
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