The Covington Department of Finance presented its budget for the first half of the fiscal year, showing an increase in revenue at the end of the second quarter, even though a gap in payroll tax revenue due to work-from-home arrangements persists.
Tag: budget
Posted inNews
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.
Posted inNews
Covington faces criticism for firefighter overtime changes
The Covington City Commission listened to public criticism on Tuesday, with complaints focused on the city’s overtime policy for its firefighters and the effects it had on staffing levels.
Posted inInfrastructure
Boone County animal shelter project over budget by $280k
Citing issues encountered amid the work, the cost of the Boone County animal shelter construction project will exceed budget by approximately $280,000, officials said. “This is comprised of some field issues that must be remediated, some inflationary costs related to our owner-provided equipment and a recommended change in scope for security access control,” Boone County […]
Posted inEducation
A breakdown of NKU’s new budget
Northern Kentucky University announced Wednesday it had reduced its budget deficit from $24.2 million to $9.6 million since late last year. Now, the university is tasked with continuing to dig itself out of a hole over the course of the next year. As part of the new budget, NKU cut 100 faculty positions and […]
Posted inNews
Campbell County Fiscal Court adopts 2022-2023 budget
The Campbell County Fiscal Court approved their 2022-2033 fiscal year budget for $53,061,888 Thursday, noting an increase in department operating expenses due to inflation. Another item of note, said Campbell County Finance Director and Treasurer Marie Schenkel, is the increasing cost of jail operations to continue the substance use program and for employee attraction and […]
Posted inNews
Staff raises, Brent Spence Project included in Covington’s 2022-23 budget
The City of Covington approved their budget for the 2022-2023 Fiscal Year on Tuesday, which includes raising all staff salaries by 5 percent, increasing part-time employees’ pay to $15 an hour, and hiring additional cadets to the Police and Fire Departments. Covington’s budget money will go toward accomplishing short- and long-term goals listed in their […]
Posted inNews
Newport passes 2022-2023 Fiscal Year budget
As the 2021-2022 fiscal year wanes, another is set to begin for the City of Newport. At Monday night’s Newport city commission meeting, Newport passed their annual budget for the 2022-2023 Fiscal Year . The Fiscal Year will begin on July 1, 2022 and go through June 30, 2023. Newport Mayor Thomas Guidugli thanked the […]
Posted inFrankfort
Beshear budget finalized: Brent Spence and Covington ‘wet lab’ get funding
Gov. Andy Beshear dug into the details of the biennial budget Monday. While he did veto some items, he spent much more time highlighting the positive aspects of the budget passed by the General Assembly. One technical point: While the items Beshear approved become law, the things he vetoed can still be overridden by the […]
Posted inFrankfort
$200 million on the table for Brent Spence Bridge Project as senate passes biennial budget
The state budget took two crucial steps toward its finale Wednesday. The Senate Appropriations and Revenue committee presented its version of the two-year biennial budget, and it moved through the Senate floor on the same day. The bill will now head back to the House for approval, but it’s likely to face additional changes via […]