Winchester Board of Commissioners hears first reading of tax rate ordinance – Winchester Sun
he Winchester Board of Commissioners heard the first reading on Wednesday of an ordinance that would keep property tax rates the same for the coming year.
The real estate ad valorem tax rate would be set at 14.6 cents per $ 100 valuation. The in-kind ad valorem tax rate is 14.99 cents per $ 100 valuation.
The city estimates the tax revenue would allow it to generate over $ 2 million in tax revenue.
The regulation needs a second reading before the Commission can vote on it at its meeting on 21 September. A public hearing on the matter will take place on the same day.
Federal Money Agreements
The board approved two agreements that will help the city plan and distribute the recently received federal funding.
The Bluegrass Area Development District, an organization that helps local and district governments in the area plan and develop, will help the city determine how much of the $ 2.4 million it will receive through the American Rescue Plan Act receives, must be used to replace lost revenue.
Mayor Ed Burtner said that once the city sets that amount, the board will have to make some decisions about how the rest of the money will be spent. He said that decision making will be very conscious.
The board also approved an agreement between the city and the Kentucky River Hills Development Council. The community action organization will be giving the city $ 200,000 from a community development bloc grant for housekeeping.
The board voted to temporarily close a pair of Winchester streets.
It approved a motion from Amanda Dube of Habitat for Humanity in the Madison and Clark counties to close Lincoln Street from 1pm to 3:30 pm on October 10th. The event will be a block party to kick off several construction projects in the area.
The board also approved a motion from the DC Elevator Company of Lexington to shut down Cleveland Avenue for six hours to allow the elevator equipment in the McEldowney building to be updated. The company hopes the work will take place in the week of September 13-17.