City council considers tax increase

By: Angela Sparkman Email
By: Angela Sparkman Email

Occupational taxes in Prestonsburg could increase for the first time in two decades.

The city council is proposing a one percent increase to help with the city's budget deficit.

Prestonsburg city leaders say they're already facing a budget deficit and keeping the city running costs more and more each day.

“The cost of everything's gone up, insurance, gas, utilities,” Mayor Jerry Fannin said.

Mayor Jerry Fannin says the city council is proposing a one percent increase in the city's occupational tax to balance the budget.

“It's a tax. Is it a good time? No, taxes are never at a good time, but to move forward, I think this is the only way we can do it,” Mayor Fannin said.

It would be the city's first occupational tax increase in 19 years.

For Dr. Joanna Santiesteban, it comes right when she is starting her own business, but she says she has no problems paying the extra taxes.

“It's such a negligible amount when you think of the long term effect it has on the community,” Dr. Santiesteban

The increase would raise an estimated one million dollars.

City officials also want to use the extra revenue to build a community recreation center.

“We've been looking at that avenue of what we can do to get our people healthy, get the youth, keep then occupied and off drugs,” Mayor Fannin said.

“If it's anything to help out my kids with sports and activities, then I'm thrilled to help out,” Dr. Santiesteban

If passed, the occupational tax increase would go into effect on July 1st.

The city council is expected to vote on the second reading of the ordinance at the next meeting on April 25th.

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