LEGAL NOTICE
NOTICE OF PUBLIC HEARING
Pursuant to KRS 132.027, as amended by the Kentucky General Assembly Extraordinary Session of 1979, the
CITY OF GLASGOW
will hold a PUBLIC HEARING, Monday, September 12, 2016 at 6:30 p.m., at City Hall, 126 East Public Square, Glasgow, Kentucky, to hear comments from the public regarding proposed 2016 Tax Rates on Real and Personal Property.
As required by state law, this notice includes the following information:
Tax Rate Per
$100 Assessed
Valuation
• Prior Year Tax Rate and Revenue
Produced from Real Property 0.174 $1,321,239
• ax Rate Proposed for Current Year
And Expected Revenue from Real Property 0.174 $1.331.998
•Compensating Tax Rate and Expected
Revenue from Real Property 0.173 $1.324.342
• Revenue Expected from New Property 0.174 $1,106.81
• Revenue Expected from Personal Property 0.174 $261,813
The CITY OF GLASGOW proposes the real property tax at the rate of. 174 and. 174 for the personal property tax rate respectively as defined by KRS. Revenues in excess of the revenue produced in the preceding year will be spent in the general areas of City Government.
THE KENTUCKY GENERAL ASSEMBLY HAS REQUIRED PUBLICATION OF THIS ADVERTISEMENT AND THE INFORMATION CONTAINED HEREIN.
DICK DOTY, Mayor