Bardstown Schools adopts 4 percent tax revenue increase for 2018

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By Kacie Goode

The Bardstown Board of Education approved a 4 percent increase in tax revenue Tuesday afternoon during its regularly-scheduled board meeting. The 2018 rates will be 83.7 cents per $100 value, which would increase annual tax bills by $23 per $100,000 in property valuation. This rate includes one-tenth of a cent added to recover prior year losses because of exoneration. Motor vehicles would remain unchanged at 53.1 cents.

The decision, which passed 4-1 with board member Andy Stone opposing, succeeded Monday night's tax hearing in which the board had expressed different opinions on the rate options.

In a statement made at Tuesday’s meeting, Stone said increases in tax revenue have become important over the years as the state has contributed less to school funding, but the district could also work with “a little less.”

“To compete in our world today, our students must be on the cutting edge and we have done this very, very well. We’ll continue to do so even with a little less,” Stone said in part of his statement. "This little less is my conceptual argument and in essence a lesson to our youth about compromise and frugality, something I believe our country needs more of.”

Stone mentioned Monday he was in favor of pursuing a 2 percent increase rather than a 4 percent, but knowing the board would not reach a consensus on 2 percent, made a motion Tuesday to go with a 3 percent increase. Board member Jim Roby initially seconded Stone’s motion, but after further discussion by the board in which members reiterated the importance of “providing the best possible” education, he withdrew that second and the motion dropped.

Board member Franklin Hibbs then made the motion to approve the 4 percent increase in revenue, which passed with a majority vote.