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Finance

City of Covington Receives Upgrade in Moody’s Bond Credit Rating, Maintains Positive Outlook

COVINGTON, KY – The City of Covington’s bond credit rating was upgraded by Moody’s Investors Service Wednesday morning. The City received the positive news that Moody’s Investors Service has upgraded the City’s bond credit rating to A3 low credit risk with a positive ou...

City of Covington Taps High-Powered Administrator to Lead Finance Department

COVINGTON, KY - On the heels of recent departures within the City of Covington’s finance department, Covington City Commission voted Tuesday to appoint William “Bill” Moller as the interim finance director to guide the city through its upcoming critical budget period. Moller’...

City Seeks Applicants for Finance Director Position

The City of Covington is currently seeking a Finance Director to join its Finance Department. This position assists the City Manager with implementing the strategic activities necessary to accomplish the City’s mission and goals. The Finance Director serves as Chief Financial Officer of the Ci...

Mayor & City Commission Authorize the FY 16 Comprehensive Annual Financial Report, Presents Allocation of $4.7M in Carryover Funds

COVINGTON, KY – Tuesday evening, the Mayor and City Commission accepted the Fiscal Year 2016 Comprehensive Annual Financial Report (FY 16 CAFR) and were presented with the allocation matrix for the $4.7 million in carryover funds as authorized by the Fiscal Stability Ordinance. Director of Fin...

Preliminary Comprehensive Annual Financial Report Presented at Commission Meeting; Payroll Receipts Up $1,568,298; Includes $4.7 Million in Carryover Funds

COVINGTON, KY – On Tuesday evening, the Board of Commissioners Legislative meeting featured a presentation on the City’s Fiscal Year 2016 (FY 16) preliminary Comprehensive Annual Financial Report (CAFR), highlighting $4,700,737 in carryover funds from the previous fiscal year. Presented ...

Commission Highlight: Board of Commissioners Keeps City’s Property Tax Rate Same as Last Year; Increase in Property Values Yields Additional Revenue

COVINGTON, KY – On Tuesday evening, the Board of Commissioners approved the City’s 2016 property tax rate, keeping it the same as 2015.  City staff recommended maintaining the same property tax rate as last year since increased property values will result in additional revenue. At t...

Major Employer Clinical Trial & Consulting Services (CTI) Moves Headquarters to Covington RiverCenter; Estimates 500 New Kentucky Resident Jobs Filled by 2027

COVINGTON, KY – Clinical Trial & Consulting Services will be relocating their global headquarters to Covington, Kentucky. Earlier this morning, Governor Matt Bevin made the announcement that the pharmaceutical and biotechnology organization confirmed its move into the RiverCenter Towers. T...

Covington Launches Interactive Transparency Platform

COVINGTON, Ky. – The City of Covington announced today the launch of a new digital platform powered by OpenGov that provides the public unprecedented access to the city’s financial and operational information. In its first release, the city is including its financial data. The OpenGov pl...
Tags: Residents

Covington Rids Itself of 40-Year Old Borrowing Habit

  COVINGTON, Ky. – The City of Covington has finally freed itself from the need of a $3.5 million short-term loan, relied on for the last 40 years. At Tuesday night’s meeting, Covington Mayor and Commissioners voted not to renew the City’s annual short-term loan known as a Tax...

Waste Fee Bills Due March 31

Annual waste fee bills for 2016 are being mailed out this week and are due by 4:30 p.m. on Thursday, March 31st. You can pay your Waste Fee Bill in one of the four following ways: Online: Visit the City's Search and Pay website to pay your bill online at covingtonkytax.com. By Mai...
Tags: Residents
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