Journal-Times (Grayson, KY)

Local News

September 11, 2013

Olive Hill Council prepares for payroll tax forum

Sept. 11, 2013 — Olive Hill City Council is anticipating a large turnout for next Tuesday’s regular meeting.

Along with other regular business, the Council is set to consider the second reading of a 1.5 percent payroll tax ordinance.

The meeting will be held at the Olive Hill Elementary School gymnasium in order to accommodate the anticipated overflow crowd.

“Talking with the Council and some community members, people seem to think that 1.5 percent is just too high,” said Mayor Kenny Fankell. “We aren't sure how much a one percent tax would bring in. Anything less than that we can't survive on.”

The payroll ordinance was introduced by Council member Glenn Meade during the Aug. 20 meeting. At the time, Meade claimed the tax could bring in at least $125,000 annually.

Based on Meade’s figures, a one percent tax would bring in slightly more than $83,000 annually.

Fankell said changing the tax percentage would require another first reading of the ordinance, which could be done during the new business portion of the meeting.

The meeting is scheduled for 6 p.m.

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