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Finance


Property tax payments due Oct. 15

COVINGTON, Ky. – With property taxes due Oct. 15, the City of Covington wants to make sure that residents use only this link for online payment: Paying property taxes. The link is listed on the City’s website on the Finance Department’s page and on the How Do I? section by scrolling to the “Pay For …” and “Taxes, Waste Fees & Storm Water Bill&rdquo...

CovData: Revenue ‘furnace’

Downtown glows red in a tax revenue heat map (Editor’s note: CovData Shorts is a series of articles published regularly by the City of Covington to help residents better understand their City government’s operations.) COVINGTON, Ky. – Just under 60 percent of the tax revenue generated in Covington for the City’s General Fund comes from occupational license revenue (wh...

Trash-recycling bill delayed

Separate storm water fee due as usual by March 31 COVINGTON, Ky. – Covington homeowners will have more time this year to pay the annual fee for curbside collection of trash and recycling. In past years, the City included the fee on the same bill that included the annual storm water fee, which was mailed to residents last week. This year, the trash collection portion of the bill is b...

Finance Director turning heads downstate

Webb named ‘Finance Officer of the Year’ in Kentucky, elected president of statewide GFOA COVINGTON, Ky. – Less than 15 months after becoming the City of Covington’s Finance Director, Steve Webb is earning statewide recognition. On Friday in Bowling Green, Webb was: Named the Kentucky Government Finance Officers Association “Finance Officer of the Yea...

Covington property taxes due Monday

COVINGTON, Ky. – With the Oct. 15 deadline for payment falling on a Sunday this year, Covington property owners will have until the end of the day Monday – Oct. 16 – to pay their 2023 property taxes. Residents can pay their taxes online, by mail, by phone, or in person during business hours at City Hall, 20 W. Pike St. Payments sent in the mail must be postmarked Monday or bef...

Work-from-home trend takes toll on General Fund

City weighing options to fill payroll tax shortfall COVINGTON, Ky. – The work-from-home trend pervading America’s office culture since the beginning of the pandemic in 2020 has crashed down on the City of Covington’s tax revenues. Covington leaders are faced with filling significant holes in the City’s General Fund budget caused by decreases in payroll tax revenue as ...

Trash, storm water fees due March 31

COVINGTON, Ky. – Annual fees related to trash and recycling 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 water management, which funds the ongoing work to make sure that the collection of st...

No financial background needed

New report helps the public understand City’s budget, spending COVINGTON, Ky. – Year in, year out, the City of Covington’s Finance Department receives an award for its financial reporting, courtesy of the Government Finance Officers Association. But the document that wins the award – the Annual Comprehensive Financial Report – is 177 pages long and filled t...

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 general obligation bonds as investment grade and subject to low credit risk. The rating strengthens the ...

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 it by 17 percent.  The new rate translates to $2.71 per each $1,000 in assessed value of real...
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