Glasgow Daily Times, Glasgow, KY

Local News

February 18, 2013

Fiscal courts could factor in special taxing districts

FRANKFORT — A bill to improve financial reporting by 1,260 or so special taxing districts may face changes in the Republican-controlled Senate after easy passage in the Democratic-controlled House.

The bill was sponsored by House Speaker Greg Stumbo, D-Prestonsburg, following a review of those districts by Democratic Auditor Adam Edelen.

Based on Edelen’s recommendations it would require taxing districts to submit financial reports and audits to a central registry maintained by the Department of Local Government. The reports would be displayed on a website for taxpayers to review as well. Board members of such districts would have to comply with the local code of ethics.

Districts which fail to comply would face audits by Edelen’s office.

Some expressed concern the bill might allow local fiscal courts to intervene in the governance and funding of the districts, a particular concern by libraries, some of which aren’t even taxing districts as defined by law.

For the full story, see the print or e-edition of Tuesday's Glasgow Daily Times.

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