Meeting of August 13, 2026

Good evening. I'd like to We're going to begin with two public hearings before we have our fiscal court meeting. So, the first public meeting, a public hearing I'm calling to order right now. Today is Thursday, August 13, 2026. Um, Brit — one, 2026 proposed tax rates. — Mr. Johnson. — Yes, Judge. I have reviewed the 2026 tax assessment information from the Department for Local Government and calculated rates with all court members. There are two primary calculated rates. The first being the compensating tax rate, which is the rate that would produce the same revenue produced in the prior year. Uh this rate was calculated by the state to be 11.9 cents per $100 of assessed value. The second rate is the rate allowing a 4% increase in revenue that was produced in the prior year. This rate was calculated by the state to be 12.3 cents per $100 of assessed value. After review, the preference indicated to me was to keep the property tax rate the same as last year at 12.2 cents per $100 of assessed value. adopt the derivative rate for tangible personal property of 12.92 and leave all other adalarmm rates the same.

I would like to highlight that taking a rate above the compensating rate is one of the few ways the taxing district can mitigate inflation since the compensating rate results in the same dollar amount as the prior year. To reiterate, the court's proposal is to adopt the same property tax rate as last year of 12.2 which is below the 4% rate. Adopt the derivative rate for tangible personal property of 12.92 which is down from the current of 13.8 and leave all other advalorum rates which include motor vehicles and watercraft the same. Because the proposed rate is higher than the compensating rate, fiscal court must hold this public hearing per KRS68.245 to take any public comments as they relate to the proposed rates. The following item on this hearing's agenda is to take only those comments from members of the public regarding the proposed tax rates. — Thank you, Mr. Johnson. — Two, public comment. — So, this is a part of this meeting. The only item that we are allowing anybody to speak to on is is the the 2026 proposed tax rates that Mr. Johnson just covered. Do I have any takers? please.

— Right. Right now, if you got to come to the mic, state your name and address for the record. — So, my name is Bill Moss and I live at 2447 O'Brien Boulevard, apartment B in Orange. I've been a resident for here. I'm 73. — All right. So, I looked at your budget. for 2627 and I noticed that the what you call a compensated rate is that what I understand that to be the 12 the 11.9 — correct — that's what I understand it to be — that's — that's what I read — is that is that is the compensating rate the the whatever he just said — the compensating rate was calculated 11.9 — okay so I looked at last year's budget and the compensating rate was 12.2 2%. Is that correct? — That is correct. — Yes. So, I would suggest I mean I'm t talking to taxpayers all the time. — They're looking for a rate decrease. You already had one last year. — Yes. — And I mean, like like I said, you you do a [clears throat] good job here. — Thank you.

— Thank you for controlling the taxes, the money that's allocated, the money that you take in. But I think people are looking for another tax break and living for 9% to me would make a lot of people happy because that would be two consecutive years of tax decreases and who doesn't want a tax decrease. You know, it's it's hard to talk. This is an intimidating but I think I represent a lot of people. — Okay? And people that I'm talking to are looking for any type of tax break. And if you're going to vote today, I would hope you vote for that 11.9%. The other thing that I noticed in the budget is that last year you had a, let's see, make sure I get it right. You had a surplus of $27 million. I think this year you got a surplus of maybe 30 according to the budget that I read. Is that correct? — Not entirely. Or are you referring to — Well, give or take a few million. — Sure. — Okay. But you still you you're you're in a good financial position to give a tax break. And like I said, I'm not here to

complain. Oh, there's Gary. And Gary knows me. He knows I'm not just here just to talk. I'm here representing a lot of taxpayers. I've run for city commissioner. I've run for school board before. Never number one. But from what I've heard is that people want a tax break and we're looking to you to provide that tax break. Whether you do or not, it's up to you. Thank you. — Thank you. Again, we're taking public comment only on the item of the 2026 proposed tax rates. Is there anyone else that wishes to speak to this item? Again, state your name and address for the record. — I'm Marilyn Wright. I live on Hall Street in Owensboro. I just wanted some clarity on the general government administration and protection to the persons in and the property as to what you're going to be using the excess funds for. And this is this is the the purpose of this meeting is strictly to take it's

not for back and forth. This is required by by uh law to accept comments from the people not not to have a back and forth. So — well I was just curious is a lot of other people that I've talked to they have no idea what that means. — State your question again. It says the revenue received in excess of last year's revenue will be used for general government administration and protection to persons and property. — This — I just wanted some clarity on what that exactly — Jordan, it just goes into our general fund, right? — Yeah, it that is a category of expense. Um everything in the budget as you're looking through the general fund that relates and is funded by property taxes fits into those categories. So, it's mainly the purchase of new property. — No, ma'am. Um, the purchase of new property. Do you mean what the the the additional amount would be spent on for all offices, fiscal court administration, county attorney, the jail, the sheriff, all of those are funded by property taxes? — Okay. Thank you. — Yes, ma'am. Again, is there anyone else wish to

speak to this item? Again, the item the only item to be discussed is the 2026 proposed tax rates. Okay. This this is for the public. This is not for the fiscal court members. He said it was a consensus of the court and I'm not for raising the tax. — Right. You'll have your chance. — I mean, he said that. So I just want to clarify that when he mentioned his — you'll have your chance to vote when we have this on our agenda. — He just I want to clarify the opening statement. — Yes ma'am. — Is there anyone else wish to speak to this item? — Hearing none we'll move to uh without further business in this meeting. This meeting is ajourned. So at this time I'd like to call this public meeting to order. This is a uh again the date is August 13, 2026. — One proposed issuance of general obligation bond series 2026A. — Mr. Johnson, — we are required by KRS66.310 to hold a public hearing in connection with the county's petition and application to the state local debt

officer to approve the issuance of any bonds. In this hearing, we will take comments from the public on any matters as they relate to the issuance of bonds and the related debt service. The proceeds of the bonds will be used to finance a portion of the costs of the construction, installation, and equipping of the expansion of and various improvements and renovations to building one of the Davis County Detention Center. The proposed borrowing amount is approximately $47 million. The following item on this hearing's agenda is to take only those comments from members of the public as they relate to the issuance of bonds and the related debt service. Next item — two public comment. — Again the purpose of this meeting is strictly to take public input on the proposed issuance of general obligation bonds series 2026A. Do I have anyone that wishes to speak to this item? Come ahead, sir. Again, state your name and address for the record. — Thank you. My name is Bill Moss, 2447 O'Brien Boulevard, apartment B. So, when I was looking at the budget for last year, the year before,