STAFF REPORT
Glasgow News 1
The Glasgow Independent Schools Board of Education has voted to pursue the compensating property tax rate for the 2026-27 fiscal year, a move that officials say will keep revenue roughly flat while slightly lowering the tax rate on real estate.
Board members took up the issue during their regular meeting Monday, Aug. 10, where they were required to propose the real property tax rate for the upcoming year.
The compensating rate will generate approximately the same amount of revenue as last year. If given final approval, the new tax rate would be .785 cents per 100 dollars of assessed real property value.
District officials say that represents a decrease in the effective tax rate for property owners within the Glasgow Independent Schools district.
The district received its tax rate options from the state on July 23.
Under state rules described at the meeting, the district must advertise the proposed tax rate for two weeks before the board takes a final vote.
That final vote must occur within 45 days of when the district received its options from the state.
Superintendent Chad Muhlenkamp said after the meeting that the new two-week public notice requirement is mandated this year by the Kentucky Legislature.
He told board members the timeline likely means they will need to call a special meeting in September, rather than waiting for their next regularly scheduled session.
On Tuesday morning, the board sent notice of a special-called meeting on Sept. 10 at 5:30 p.m.
The board also accepted several donations to support Glasgow students and programs.
Members approved a $3,560 donation to Glasgow Middle School football and a $2,500 donation to GPA.
Other donations included $750 to Glasgow High School boys basketball, $540 to Glasgow High School, $700 to girls soccer, $750 to volleyball and $500 to FFA.
Key Facts
• Glasgow Independent Schools board voted to pursue the compensating property tax rate for 2026-27.
• The proposed rate is 78.5 cents per $100 of assessed real property value.
• The compensating rate is expected to keep revenue about the same as last year while slightly lowering the tax rate.
• The district received its state tax rate options on July 23.
• State rules require two weeks of public notice and a final vote within 45 days of receiving the options.
• Superintendent Chad Muhlenkamp says a special-called September meeting is likely to meet the deadline.
• The board also approved multiple donations to athletics and school programs, including football, basketball, soccer, volleyball and FFA.
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