TIMES TRIBUNE (CORBIN, Ky.)
By John L. Ross / Staff Writer
In a very brief special-called meeting today, present Corbin City Commissioners gathered to hear and then approve the ordinance governing property tax rates for city residents.
During the regular monthly meeting of the Corbin City Commission Monday night, commissioners and Mayor Willard McBurney listened and approved the first reading of the ordinance covering property taxes.
Budget planners followed the compensating rate, which is the lowest rate with which a governing body may budget.
The new property tax rate breaks down as follows — for real property, the rate is 30.90 cents per $100 valuation; for personal property, the rate is 29.8 cents per $100 valuation.
Commissioner Joe Shelton motioned to approve the rate, with a second from Commissioner Bruce Hodge. A roll-call vote showed present commissioners were unanimous with this decision. Commissioner Suzie Razmus was unable to attend Tuesday morning's meeting.
The next order of business Tuesday morning was another second reading, which officially declared a road near South Fifth Street, Valley View Drive and McFadden Drive as a public street, and naming that road Gilson Way.
The speed limit was also set on this short road at 15 mph.
Commissioner Ed Tye motioned to approve the change, with a second from Hodge.
A roll-call vote showed the commission to be unanimous.