Nickel Tax Facts

Dear Newport Parents:                             DO NOT SIGN!
As many of you already know, on January 11th, the Board of Education approved an additional five cents equivalent tax rate on real and personal property.  As required by the General Assembly, a hearing was advertised in the KY Enquirer on December 28, 2016 and again on January 4, 2017 to hear public comments regarding the proposed levy. The state rewards school districts for taking this nickel by equalizing (giving us state funds); thus, school districts who do not take the second nickel are leaving money for schools and students "on the table."   Presently, over 100 school districts take this second nickel. This tax will not go into effect until the 2017-2018 tax year.  However, it is a recallable tax which, simply put, means residents of the city may file a petition with the county clerk’s office to have this tax levy added to the ballot in an election if they receive enough signatures against the increase.  It has come to our attention that such a petition has been filed by a short-sighted group of Newport residents who are clearly not acting in the best interests of our students, teachers, staff and community.  Basically, if our opponents are successful with their petition drive, the board will then be left with no other option than to take the 4% tax increase next fall.

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