By Joe Lewis - Staff Writer
Nov. 13, 2013 — The Olive Hill City Council held a special meeting Friday to conduct the first reading of an ordinance that would raise the annual property tax rate by 4 percent.
A public forum was held before the meeting to allow those in the community to make comments about the tax for the Council’s consideration.
“I believe the Council should find other ways to save money instead of creating yet another new tax,” said Maggie Lewis. She was the only one who spoke at the hearing.
After the meeting was called to order, Council member Matt Kiser conducted the first reading of an ordinance that, if passed, would raise the property tax rate to .24 cents per $100 property valuation.
This represents a 4 percent increase above last year’s rate, which was .2287 cents per $100 property valuation.
Under state law, a 4 percent hike is the maximum allowable increase that the council can impose without putting the matter on the ballot for public vote.
Council also conducted the first reading of an ordinance intended to repeal a prior ordinance which set the compensation rate for former City Attorney George Hogg.
“We have to repeal the ordinance so we can institute the flat rate fee for the new attorney,” said Mayor Kenny Fankell of the measure.
The new city attorney, Gary Conn, will be compensated $125 per hour for his services.
The Council will met again in special session Friday night to conduct the second readings of both ordinances.
That meeting is scheduled for 6 p.m. at the Olive Hill Senior Community Center.
Joe Lewis can be reached at email@example.com or by telephone at 286-4201.