, Corbin, KY

Local News

April 25, 2014

Fiscal Court approves tax resolution

CORBIN — By Jeff Noble / Staff Writer

By a unanimous vote, the Laurel County Fiscal Court approved a resolution Thursday to allow General Dynamics Information Technology, Inc. (GDIT) to retain one percent of the county’s occupational license fee paid by company employees’ wages and salaries.

Deputy Judge-Executive Rick Brewer said the resolution would allow General Dynamics to expand their facility in Laurel County that opened in the fall of last year.

The company made an application for certain incentives and benefits available to by a plan from Kentucky Business Incentives (KBI).

Brewer noted if General Dynamics is approved by KBI, the company would be able to retain the one percent occupational license fee for a ten-year period.

“General Dynamics would keep the money, based on so many hired, if they qualify. This is not a tax increase,” he mentioned.

GDIT has two years to apply for the incentives from KBI.

Another resolution approved by the Court during their regular meeting was to apply for a Land and Water Conservation Fund grant, which would be used for recreational development at the London-Laurel County Wellness Park.

The application will be made to the state Department for Local Government (DLG) for $50,000. The county will get 25 percent from the state, and will hold in reserve 50 percent of the the proposed total project costs to match the fund assistance.

It was noted the grant would not be available until next year.

The Keavy Volunteer Fire Department will be getting a gift this year — a new 40 kilowatt natural gas generator, with a propane gas backup. Court members approved the purchase with the low bid being $19,336 for the generator, and $4,131 for a transfer switch, which will be used for safety purposes. The two items were both under bid, with money coming from a hazard mitigation grant.

In addition, approval was given to renew the health, dental and vision insurance for county employees through Humana Healthcare for 2014. The plan is the same as last year, but it was stated there would be a 12 percent increase in premiums. Of that total, eight percent was due to the higher amount of claims this year, with the other four percent coming from a four-percent tax on existing care plans from the Affordable Care Act (ACA).

Second reading of the budget amendment for Fiscal Year 2013-14 was also approved. It would add  $1,386,618 to the budget, by using additional revenues from different sources. After legal publication, the amended budget becomes law.

Approval was also given to three roads being added in the County Road system, after they received their second readings.

Those getting the approval were Hammons Hill Road in District 1, Mystic Lane in District 2, and Adams Road Extension in District 6.

Five roads got approved after their first reading — April Lane and Bakersfield Road Extension in District 2, Rick Johnson Lane Road Extension and Flowering Hills Lane in District 3, and Brennan Lane in District 6. A second reading will take place at the next regular court meeting.

It was mentioned some of those roads are awaiting a final survey and the presentation of deeds to the Fiscal Court.

Gene Green was appointed to the Laurel County Planning and Zoning Board, for a three-year term, starting May 1.

Also, James Tatum was reappointed to the Laurel County Industrial Development Board for a four-year term, while Robert Anderson got reappointed as a Trustee with the Bush Fire Department for a three-year term.

Approval was also made to the minutes of previous meetings and the financial statement from March 2014. Among the funds listed in the March report were $1,849,706.28 in the Occupational Tax Fund, and $618,801.29.

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