Journal-Times (Grayson, KY)

Local News

June 4, 2014

Olive Hill Council discusses budget

June 4, 2014 — Olive Hill City Council held the first reading of its budget for the 2014-2015 fiscal year at a special meeting last Tuesday night.

The total general government budget for this year is $1,416,500, a decrease of nearly $228,000 from last year’s budget.

The dip in appropriations is mostly attributed to Community Development Block Grant (CDBG) and other grant expenditures that took place during this fiscal year.

Proceeds from those grants had been included in the city’s budget calculations in previous years but this is the first year that the monies have actually been drawn down as a bid was finally secured for restoration of the old Olive Hill High School property.

Work is currently underway on the project which will see the building transformed into an arts and education center.

The budget for the city’s utility fund will increase with total appropriations of $5,024,497 for the fiscal year.

That figure represents an increase of $239,261 from the previous year.

The budget ordinance does not specify itemized revenues and expenditures for the utility department.

That fact makes it unclear as to the source of the increased revenue.

Mayor Kenny Fankell also informed the Council of some unexpected financial hits for the upcoming year.

“We’re looking at an across-the-board increase of about $30,000 in our general liability insurance,” said Fankell.

He also stated that current year revenues from the insurance premium tax are approximately $13,000 short of projections.

“I don’t understand why our liability insurance keeps going up. We’ve done all the things we needed to do to keep it down,” said Council member Allen Stapleton.

The budget proposal also indicates projected occupational tax revenue of $80,650 for the year.

The controversial tax was implemented last fall but to date no hard figures have been released as to how much revenue it is currently generating for the city.

Text Only
Local News
  • 16 indicted by Carter grand jury

    Indictments of 16 persons have been handed down by a Carter County grand jury. Although 11 of those were processed June 27, the documents were released Monday to the Journal-Times.

    July 23, 2014

  • Wreck4.JPG Wreck leaves trail of gravel

    Members of Carter County Emergency Management, Norton Branch Fire Department, Kentucky State Police
    and Carter County EMS responded to an overturned truck Monday afternoon.

    July 23, 2014 1 Photo

  • Rex Collins.JPG Package liquor sales begin in Grayson

    It took more than a year, an investment of about $750,000, and a lot of paperwork but packaged liquor went on sale last Thursday in Grayson.

    July 23, 2014 1 Photo

  • Star Elementary renovation underway

    Ongoing renovation of Star Elementary School was one of the main topics of conversation at Monday night’s meeting of the Carter County Board of Education.

    July 23, 2014

  • Standout Youth Rally

    The third annual Standout Youth Rally will take place this weekend at the Olive Hill Shrine Park. The Christian praise and worship experience is free and includes admission, food, camping and entertainment.

    July 23, 2014

  • Stage lighting welcome at renovated OHHS

    Performers at the Olive Hill Arts and Education Center, previously known as Olive Hill High School, eventually will be highly visible to their audiences in the future, thanks to help from the Carter County Community Fund (CCCF).

    July 23, 2014

  • Olive Hill fire chief to step down

    Olive Hill Fire Chief Wes Gilliam has informed the Journal-Times that he will resign from his position effective July 31.

    July 23, 2014

  • DSC_9807.JPG Beer on sale in Olive Hill

    Malt beverage sales began in Olive Hill last Wednesday.

    July 23, 2014 1 Photo

  • store.jpg Packaged liquor sales begin this week

    July 16, 2014 1 Photo

  • DSC_7242.jpg Rodeo rides again at Carter County Fair

    After three years with no rodeo, the bucking broncos will return to the Carter County Fair this Thursday and Friday.

    July 16, 2014 1 Photo

Poll