Covington’s commercial office market is recovering from the COVID-19 pandemic, with a vacancy rate of 13.2% in the second quarter of 2024, down from 20.3% in the first quarter of 2023, and a vacancy rate of 9.5% in October of this year.
Tag: American Rescue Plan Act
Posted inNews
Rhetoric versus reality: Addressing common misconceptions about the economy
The economy is key to many voters in their pick for president, but that fervor also makes it an attractive subject for distortions, misinformation, and oversimplification. Nearly eight in 10 U.S. voters say that the economy is one of the most important issues to them in this upcoming presidential election, according to an AP-NORC poll conducted in […]
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Covington proposes budget for next year after weeks of discussion on cost cutting
Covington’s finance department presented a proposed budget for fiscal year 2025 on Tuesday, following weeks of discussions on how to cut costs. The commission will perform a first reading of the new budget at the legislative meeting next week.
Posted inNews
Covington prepares for next year’s budget
The Covington Board of Commissioners and city staff met to discuss the budget for the upcoming fiscal year, where they discussed the city’s overall financial health, spending goals for next year and ways to control expenses.
Posted inNews
Boone County discusses prospective budget for upcoming fiscal year
Boone County officials met this week to discuss the county’s tentative budget for the upcoming fiscal year. Boone County Administrator Matthew Webster outlined the county’s Fiscal Year 2024-2025 budgetary initiatives, including expanding county staff and maintaining existing tax rates. Most general fund revenues in Boone County come from payroll and property taxes. Within the county […]
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Covington lays out programs cut due to budget shortfall
The Covington City Commission discussed the programs and services the city would be unable to fund due to declining payroll tax revenue at their meeting on Tuesday, with the city having to redirect $16.7 million in ARPA funds to maintain basic services.
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Covington considers fixes for tax shortfall
The City of Covington is looking for short-term solutions to the problem of declining tax revenue, including adjustments to the solid waste fee, restructuring of the city’s debt, and adjustments to the city employee benefit structures, among other measures.
Posted inFrankfort
Legislative committee discusses future of child care funding
It is no secret Kentucky’s childcare industry struggled during the height of the COVID-19 pandemic. Federal American Rescue Plan Act (ARPA) funding came to the rescue, but a major portion of those funds will run out in September. The Interim Joint Committee on Families and Children met Tuesday to discuss the state’s future of childcare […]
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Life Learning Center receives $600k for trade education services
The Kenton County Fiscal Court approved $600,000 worth of American Rescue Plan Act, known as ARPA, funding for the Life Learning Center at Tuesday’s meeting. In June, the Fiscal Court approved $3.5 million worth of ARPA funding for the Enzweiler Building Institute to create 13-week courses for trade education programs. The Life Learning Center is […]
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WiFi, pedestrian improvements considered for Covington ARPA funds
The City of Covington heard more proposals this week for the allocation of its American Rescue Plan Act funds, which include grants to local nonprofit organizations and enhancing city programs. Some of the items include expanding Covington’s citywide public Wi-Fi system, Covington Connect; infrastructure improvements to sidewalks and streets; and distributing money to four local […]