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Lyon County reviews FY2024–25 budget amendment and considers tax options to close shortfall
Summary
At a second reading of an ordinance amending the FY2024–25 budget, county officials detailed a $2.57 million adjustment to receipts, a FEMA transfer to the road reserve, a proposed $458,766 bridge replacement and HVAC cost estimates; officials discussed three revenue options (property tax increase, occupational tax, insurance premium tax) and confirmed a new sheriff’s deputy hire.
The Lyon County fiscal court conducted the second reading of Lyon County, Kentucky Ordinance No. 012025, an amendment to the FY2024–25 budget that the chair said increases certain receipts by $2,574,249.35 and adjusts related expenditure accounts.
During the reading, the chair noted that $30,510.79 of a FEMA reimbursement tied to May 2024 tornado expenses will be transferred to the road reserve rather than the general reserve. The court also reviewed a proposed bridge replacement on KY‑19 (mile 2.4) with a contractor estimate of $458,766.23 and said other county funds had been identified to offset an indicated shortfall of about $66,115.23.
The court heard operational and…
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