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Finance

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...

New debt policy ‘imposes order & discipline’

Covington codifies borrowing guidelines, limits to help improve credit   COVINGTON, Ky. - Cities shouldn't make the decision to borrow money lightly, especially when taxpayers are ultimately on the hook for paying that debt back.   That's one reason why the City of Covington has created a ...

Delinquent tax contract a question of ‘fairness’

Covington is hiring an outside company to collect delinquent taxes in other to protect the ability of police officers, firefighters, and public works employees to help residents. Services, residents suffer when people skip out of paying   COVINGTON, Ky. - Residents and businesses who pay taxes...

New Finance manual fixes audit ‘finding’

COVINGTON, Ky. - Every outside auditor who has looked at Covington’s books since 2013 has formally scolded the City for the same omission: Lack of a formal, comprehensive manual spelling out accounting procedures.   That’s about to be fixed.   The City’s Finance Departmen...

Bill’s in the mail: Trash fees due March 31

COVINGTON, Ky. - The City of Covington has mailed its yearly bills for garbage and recycling collection, with payments due by March 31.   Bills are being sent to all homeowners and residents of rental units with one to four units. Businesses and apartments with more than four units have commerc...

City to strengthen fund balance policy

The City of Covington is looking to strengthen its fund balance policy to increase flexibility and protect its ability to provide core services to residents during tough budget times.    COVINGTON, Ky. - Three times since Covington created what it called the Fiscal Stability Ordinance in 2...
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