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Finance

City maintains A1 credit rating

Wall Street affirms Covington’s financial stability COVINGTON, Ky. – The City has received an A1 credit rating from Moody’s Investors Service for the third year in a row. The A1 rating is one of the highest ratings a debt issuer can receive, classifying Covington’s gene...

Covington cuts property tax 17 percent

New rate likely a historical low COVINGTON, Ky. –  Covington officials have sharply cut the rate at which the City taxes real property to its lowest point in modern history. After freezing the rate for five years in a row, the Board of Commissioners on Tuesday night voted to slice i...

$168MM all-funds budget ‘transformational’

Some 56 percent of the General Fund is allocated to public safety. Among investments: IRS site, Farmers Market, City Hall, affordable housing COVINGTON, Ky. – Continued work to develop 23 vacant acres downtown. A permanent building for the Covington Farmers Market. Work to address slippa...

Covington’s Finance Director retiring

Muhammed Owusu on his 2017 pilgrimage (hajj) to Mecca. Owusu moving back to Virginia to be with wife, family COVINGTON, Ky. – A month shy of his fourth anniversary with the City of Covington, Finance Director Muhammed Owusu is returning home to Virginia – not to take another job b...

Trash, storm water fees due March 31

COVINGTON, Ky. – Annual fees related to trash collection and storm water service are due to the City of Covington by March 31. For most homeowners, the combined bill includes: $152.52 for annual curbside residential waste and recycling collection. $54.48 (or $4.54 a month) for storm...

City property tax payments due by Oct. 15

Covington keeps rate the same 5th year in row   COVINGTON, Ky. – Property tax bills for the 2021 calendar year will be sent to Covington residents next week and payment is due by midnight Oct. 15.   Residents have five different ways to pay: Online: HERE. ...

Property tax rate will stay the same

Covington’s property tax rate will remain the same for the fifth year in a row.   City freezes assessment for 5th year in a row   COVINGTON, Ky. – Covington’s property tax rates for calendar year 2021 will remain the same for the fifth year in a row. &...

Combined trash, storm water bill in the mail

Payment is due April 30; homeowners can also go online   COVINGTON, Ky. – Covington’s Finance Department is mailing a bill to residents today that combines annual fees related to trash collection and storm water service.   Payment is due by April 30.   That’s the qui...

City Hall lobby reopening Monday

Public can conduct business at Finance window;  pandemic-related safety protocols in place   COVINGTON, Ky. – Residents and businesses will be able to pay their bills and conduct business in person starting Monday at the Finance Department’s window in the lobby of City Hall. &n...

Covington freezes property tax again

Covington’s property tax rate will remain the same for the fourth year in a row. Rate kept the same for 4th year in a row  COVINGTON, Ky. - Covington’s property tax rates for calendar year 2020 will remain the same for the fourth year in a row.   The Covington City Commis...
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