For the seventh year in a row, the LaRue County School Board voted Monday to adopt the compensating rate or less for property taxes.
The compensating rate, when applied to current year’s property assessment, produces an amount of revenue equal to that produced in the preceding year.
The board could have levied as much as 4 percent more than the amount of revenue produced by the compensating rate. The 4 percent levy could be added after a hearing but is not subject to recall.
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