Journal-Times (Grayson, KY)

Local News

October 17, 2013

Olive Hill Council seeks more tax revenue

OCT. 17, 2013 —  The Olive Hill City Council held its regular monthly meeting Tuesday night. Taxes within the city were the major items on the agenda.

The Council unanimously passed the second reading of payroll tax ordinance that will require employees within the city limits to pay half a percent of their earnings in taxes.

Though the tax had been the subject of heated public discourse throughout the last two months, the ordinance passed without any opposition at the meeting.

The only comment about the tax came from former Council member Linda Lowe, who asked to address the group after the measure was approved.

“I was on the Council for ten years, so I know what it’s like to have to make tough decisions. I just want to thank the Council for doing what needed to be done,” said Lowe.

The Council also unanimously voted to seek a four percent increase in property taxes for the upcoming 2014 calendar year.

Last year’s tax rate was $.2287 cents per $100 property valuation. With the increase, homeowners who pay property taxes in Olive Hill will pay $.24 cents per $100 valuation if the measure passes.

Not everyone agrees with the Council’s plan to raise property taxes, however.

“I know we need the revenue, but I think we should find ways to cut our costs as well,” Olive Hill home owner Maggie Lewis. “We’re falling into a dangerous pattern of tax, tax, tax and spend, spend, spend.”

State law requires the City Council to hold a public hearing for community input regarding the tax increase before it can be approved.

Joe Lewis can be reached at jlewis@journal-times.com or by telephone at 286-4201.

 

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