WKYT | Lexington, Kentucky | News, Weather, Sports

Kentucky Counties Hit By National Financical Woes

By: Janet Kim Email
By: Janet Kim Email

Wall Street took another hit, trickling down consequences to local communities and government.

Counties across Kentucky are already feeling the pain. Scott County is reporting a near 50 percent loss to its revenue this fiscal year, $11 million down from $28 million.

Kentucky counties are funded primarily from property and occupational taxes, so housing markets down and loss of jobs mean less money into local government.

Those local monies go to fund roads, schools and health departments, services that could be at risk if the economy continues to spiral down.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

WKYT

2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 33249414