KY HB666

Amends KRS 132.027 to regulate when cities and urban-county governments can levy tax rates exceeding the compensating tax rate

Requires a public hearing with at least two newspaper advertisements (minimum 12 column inches each) published in consecutive weeks before exceeding the compensating tax rate

Advertisements must disclose the preceding year's tax rate and revenue, proposed rate and expected revenue, compensating tax rate, revenue from new property, and allocation of excess revenue

Tax rate portions producing real property revenue more than 4% above the compensating tax rate are subject to recall vote or reconsideration by the taxing district

Governments must publish notice within 7 days of adopting such rates, including county clerk contact information for initiating a recall petition