State property tax rate
The Kentucky Department of Revenue has set the 2016 State Real Property Tax Rate at 12.2 cents per $100 of assessed value. Kentucky Revised Statute 132.020 requires the Department of Revenue to set the real property rate no later than July 1 of each year.
This rate is based on the revenue generated from the increase in taxable real property assessments from 2015 to 2016 as calculated after meeting the requirements of KRS 132.020 and KRS 133.110. Because the total real property assessment increase for 2016 did not exceed 4 percent, the state rate will remain the same as the 2015 rate, 12.2 cents per $100 of assessed value.
All of the revenue generated from the state property tax rate will go into the state’s general fund.
Help for youth moving out of foster care
Kentucky’s First Lady Glenna Bevin announced a pilot project designed to provide support to youth aging out of foster care.
The First Lady’s Office, in partnership with Kentucky Youth Advocates, worked to develop the project, wrapping more services around foster youth participating in the Louisville-area Fostering Success summer work program recently launched by the Cabinet for Health and Family Services.
Through the commitment of community partners Orphan Care Alliance and True Up, the major initiatives of the pilots are a family mentoring program (Youth in Transition Initiative) and ongoing experiential learning sessions.
First Lady Glenna Bevin
As part of the Youth in Transition Initiative, Orphan Care Alliance matches foster youth who are aging out with families in their community to provide a much needed family support system and ongoing mentoring.
“Where do you go on Thanksgiving or Christmas if you are a foster youth who has aged out?” said Mrs. Bevin. “Just because you turn 18 doesn’t mean you no longer need a family. Developing a strong family bond is still important.”
Currently, 185 families have signed up to be a part of the program. Forty-five of those families have completed training and are in the process of being matched with youth.
True Up is lending their expertise to the other major initiative of the program – experiential learning sessions designed to engage youth as they gain both important life skills, and skills needed to increase their employability.
True Up has recruited the help of Junior Achievement and Net Work Louisville to host sessions on topics like interviewing for a job, money management and career mapping. Input from the young adults is incorporated into each session’s curriculum through a needs assessment and weekly reviews submitted by the youth that are aging out.
