Johnson County will be among the 49 counties seeing a part of more than $15 million in excess coal severance tax revenue through the Local Government Economic Assistance Fund program.
Recent laws enacted by the General Assembly direct any coal severance revenue exceeding official estimates from the Office of the State Budget Director to be directed to the LGEAF program.
“We are excited to announce more than $15 million in additional coal severance funding that will be returning to Kentucky counties and cities,” said Gov. Bevin in a statement. “I am grateful to our state legislators who helped us ensure that 100 percent of excess coal severance revenue is directed back to our local governments. These extra LGEA funds will enable cities and counties to bolster public safety, economic development, critical infrastructure, and other vital community needs.”
According to the statement from the state government, the projection for coal severance tax revenue for fiscal year 2019 was $77.9 million, whereas the actual revenue collected was $92,906,946.91.
LGEA funds, the statement said, can be put toward projects including “public safety, environmental protection, public transportation, health, recreation, libraries and educational facilities, social services, industrial and economic development, and workforce training.”
Johnson County Judge-Executive Mark McKenzie said the $246,479.68 coming back to Johnson County will be impactful.
“The recently announced additional coal severance funds for Johnson County will be very helpful in many ways to the citizens of our community,” McKenzie said. “These funds will assist in the continued delivery of key services as well as provide opportunities to leverage additional dollars through grant opportunities, therefore supporting continued economic development efforts.”
For additional information about the LGEAF coal severance program, contact the Kentucky Department for Local Government at, (800) 346-5606.