Despite $220,000 deficit, school board keeps tax rate

 School district tax rates will remain the same, despite a $220,000 projected deficit.

Oldham County Board of Education members unanimously agreed Aug. 10 to keep the current rate of 68.9 cents per $100 of property value.

Retaining the current rate will cause the district’s revenue to be $219,000 less than the 2012-13 estimated budget, said Randy Davis, the district’s assistant chief financial officer.

Because property values are decreasing, Davis estimates the district will receive about $192,000 less from property taxes than last year.

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