Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves personal property tax relief, bond authorization and water-rate change in unanimous votes
Summary
At its Feb. 20 meeting, the Lexington City Council unanimously approved a 44% personal property tax relief rate for 2025, authorized up to $23 million in municipal bonds with a 5.5% interest cap, and adopted an ordinance reducing the Tier 3 water rate to the Tier 2 level for high-volume customers.
Lexington City Council members voted unanimously Feb. 20 to set the city's personal property tax relief percentage at 44% for 2025, to authorize issuance of up to $23,000,000 in municipal bonds at up to 5.5% interest, and to adopt an ordinance reducing Tier 3 water rates to equal the Tier 2 rate for large institutional customers.
The votes came after staff presentations and brief discussion. Karen Roundy, Lexington Commissioner of the Revenue, told the council she and the treasurer were "requesting the 44% again" for the personal property tax relief program, the same percentage the city used last year. The council approved Resolution 2025-05 by roll call: Miss Strong, Mister Ziegler, Mister Betts, Mister Smith, Mister…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
