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Finance

Property tax timeline delayed by 2 weeks

Pandemic continues to cause disruption   COVINGTON, Ky. - Covington property owners will have two additional weeks to pay their property tax bills this year, thanks to COVID-19.   The City’s Finance Department will mail bills Oct. 1, and payment is due by Oct. 31. In typical years, t...

Budgeting in an ever-swirling environment

The closing of the massive IRS data-processing center late last year created both a financial hit and an opportunity. Pandemic, other pressures made complex task even more so  (EDITOR’S NOTE: This is the second of two releases on the City of Covington’s 2020-21 budget. This release...

Gov. Beshear signs pension relief bills

Covington’s employer contribution rates toward the pensions of its public employees have been increasing 12 percent year over year due to a state mandate. Sen. McDaniel’s ‘freeze’ saves Covington taxpayers $1MM   COVINGTON, Ky. - Kentucky Gov. Andy Beshear recently sign...

Business tax deadline pushed back 90 days

City relieving financial pressure on businesses COVINGTON, Ky. - Businesses who must file occupational license and net profits tax forms with the City of Covington will automatically have an extra 90 days to both file the forms and make any tax payments.   The extension is one of three exe...

Businesses reminded: Don’t forget the OL-3

Tax season: Time to file occupational fee/license renewal   COVINGTON, Ky. - With accountants neck deep in tax season, Covington’s Finance Department has a friendly reminder for businesses: Don’t forget to fill out the City’s Form OL-3.   That’s the annual Occupatio...

City property tax payments due by Oct. 15

Covington keeps rate the same for 3rd year in row   COVINGTON, Ky. - Property tax bills have been sent to Covington residents and payment is due by midnight Oct. 15.   Residents have five different ways to pay: Online, through a user-friendly taxpayer portal, accessed directly&nb...

Covington freezes property tax rates again

But officials say state pension mandates bode ill for future   COVINGTON, Ky. - Covington’s property tax rates for calendar year 2019 will remain the same for the third year in a row.   The Covington City Commission tonight approved rates of 0.327 for real estate and 0.349 for person...

GFOA recognizes Covington’s CAFR

COVINGTON, Ky. - The 2017-18 Comprehensive Annual Financial Report put together by the City of Covington’s Finance Department has earned the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada.  ...

'Cautious, conservative’ budget moves City forward

Almost three-fourths of Covington’s General Fund is used to fund operations in Public Safety and Public Works. (EDITOR’S NOTE: This is one of two stories on the City of Covington’s 2019-20 budget.)  COVINGTON, Ky. - The City of Covington’s 2019-20 budget is balanced. ...

Moody’s upgrades City’s credit rating

Returning tax-exempt buildings to the public tax rolls – like this one on Fifth Street that was recently sold by Gateway Community & Technical College to a private buyer – is one way to improve the City of Covington’s financial position. Wall Street affirms progress in Covingto...
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