Fayette County school board approves tax increase
The Fayette County Public Schools board approved a property tax increase Monday of 1 cents per $100 of assessed value for the 2016-17 school year.
The increase will raise district revenue by 4 percent.
The tax rate for fiscal 2016 was 74 cents per $100 for real and personal property and produced revenue of $194.2 million. The general tax rate of 75 cents on real and personal property is expected to produce $203.3 million.
The bulk of the extra revenue would be spent on instruction.
No one outside Fayette school board members and staff appeared at a tax increase hearing just before the monthly meeting.
Valarie Honeycutt Spears: 859-231-3409, @vhspears
This story was originally published August 22, 2016 at 9:32 PM with the headline "Fayette County school board approves tax increase."