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Council reviews property tax estimates and PILOT revenue from Cityview Station
Summary
During the June 24 meeting council reviewed how property tax revenue estimates were calculated using Kenton County PVA data and noted expected additional revenue from a PILOT at Cityview Station, both of which underpin the FY 2026–2027 revenue forecast.
Council discussed the assumptions behind the revenue projections for the FY 2026–2027 budget, specifically the methodology used by the Kenton County Property Valuation Administrator (PVA) to estimate property tax revenues. Members asked for clarity on those calculations as they affect the revenue baseline for the budget draft.
The council also identified expected increased revenue from a Payment in Lieu of Taxes (PILOT) agreement at Cityview Station and noted that such one‑time or contract revenues were being factored into projections. Members emphasized the importance of confirming these revenue sources before finalizing budget decisions.
