Georgetown Scott County Revenue Commission: Uncovering the Operations and Responsibilities
Hi Readers,
Welcome to our comprehensive guide to the Georgetown Scott County Revenue Commission (GSCRC). In this article, we will delve into the workings of this crucial organization, exploring its roles, responsibilities, and impact on the community. Whether you’re a resident seeking information or a business looking to navigate the local tax landscape, this article will provide you with valuable insights.
The Mission of the GSCRC
Advancing Economic Stability and Growth
The primary mission of the GSCRC is to ensure the financial health and stability of Scott County. Through responsible fiscal management and revenue collection, the commission plays a vital role in funding essential services, supporting local businesses, and promoting economic growth.
Fostering Equitable Taxation
The GSCRC is committed to administering a fair and equitable tax system that balances the need for revenue generation with the burden on taxpayers. The commission strives to create a system that promotes responsible spending, minimizes tax evasion, and benefits all residents.
Key Responsibilities of the GSCRC
1. Property Tax Administration
- Assessing and collecting property taxes
- Updating and maintaining property valuation records
- Providing exemptions and abatements as authorized by law
2. Business Tax Collection
- Issuing business licenses and collecting associated fees
- Enforcing local sales and use taxes
- Providing tax assistance and guidance to businesses
3. Other Revenue Streams
- Managing investment funds and generating interest income
- Collecting fines and penalties related to tax violations
- Exploring new revenue sources to support county initiatives
Revenue Allocation and Budget Process
The GSCRC plays a pivotal role in allocating revenue to various county departments and programs. The commission’s budget process involves:
1. Revenue Forecasting
- Analyzing past revenue trends and economic indicators
- Estimating future revenue based on projected growth and changes
2. Budget Proposal Development
- Submitting a budget proposal to the County Fiscal Court outlining proposed expenditures and revenue allocation
- Holding public hearings to gather feedback from residents
3. Budget Approval
- The Fiscal Court votes on the proposed budget
- Once approved, the budget provides a roadmap for county spending and operations
Georgetown Scott County Revenue Commission | Financial Details
| Fiscal Year | Total Revenue | Property Tax Revenue | Business Tax Revenue |
|---|---|---|---|
| 2022 | $52,789,987 | $27,418,695 | $12,314,832 |
| 2021 | $48,998,319 | $23,879,971 | $11,053,278 |
| 2020 | $46,523,963 | $22,210,496 | $10,870,692 |
Conclusion
The Georgetown Scott County Revenue Commission is an integral part of the community, providing fiscal oversight and ensuring responsible financial management. Its dedicated members work tirelessly to balance the need for revenue generation with fair taxation and economic growth.
To learn more about the GSCRC and other important county topics, be sure to check out our other informative articles:
- The A-Z Guide to Georgetown Scott County Finances
- Navigating the Local Tax Landscape
- Engaging with Your County Government
FAQ about Georgetown Scott County Revenue Commission
What is the Georgetown Scott County Revenue Commission?
The Georgetown Scott County Revenue Commission is a 5-member board responsible for managing county finances and revenue collection.
Who are the current Revenue Commissioners?
The current Revenue Commissioners are:
- Brad Dotson (Chair)
- Lee Ann Shanahan (Vice-Chair)
- Kevin Barker
- David Fultz
- Patricia Keoppel
What are the Revenue Commission’s primary responsibilities?
- Collecting property taxes
- Distributing property tax revenue to various county agencies
- Managing the county’s budget and finances
- Providing financial reporting and oversight
How are Revenue Commissioners elected?
Revenue Commissioners are elected by voters in Scott County for 4-year terms.
What are the qualifications to serve on the Revenue Commission?
Candidates for Revenue Commission must be registered voters residing in Scott County.
How often does the Revenue Commission meet?
The Revenue Commission typically meets the first and third Tuesdays of each month.
How can I contact the Revenue Commission?
You can contact the Georgetown Scott County Revenue Commission at (502) 863-0430 or revenuecommission@scottcountyky.gov.
Where can I pay my property taxes?
Property taxes can be paid at the Scott County Revenue Commission office, located at 108 West Broadway, Georgetown, KY 40324.
What are the payment options for property taxes?
Property taxes can be paid by cash, check, money order, or credit card.
What if I have questions or need assistance with my property taxes?
You can contact the Revenue Commission office at (502) 863-0430 or visit their website at https://scottcountyky.gov/revenue-commission.
