Owensboro Boasts Strong Fiscal Year Amid COVID-19

Despite communties across the country feeling the impact from COVID-19, Owensboro saw an excess in revenues and a drop in unemployment.

Posted: Sep 1, 2020 11:20 PM
Updated: Sep 1, 2020 11:24 PM

In a Special Meeting held Monday, the Owensboro City Commission put the economy at the forefront.

Despite communities across the country feeling the impact from COVID-19, the Owensboro saw an excess in revenues and a drop in unemployment.

“It’s amazing how our workforce has continued to work through this pandemic," Mayor Tom Watson said. "We have such a diverse economy -- all the different corporations in our economy just never stopped.”

Because of that, the commission approved a bigger budget for the upcoming fiscal year — boasting higher revenues from 2019.

But the main takeaway — a two cent cut in the tax rate— a change the city said could make the most impact for residents.

“We’re proposing a rate of 24.4 cents, which is a decrease from 26.6 cents in 2019 so the practical effect of that is a property, a house valued at $100,000 would pay $264 to the city in property taxes this year,” said city manager Nate Pagan. 

Before the meeting adjourned, the commission also approved a plan allowing the city to acquire 24 acres of land from an unicorportaed territory in Daviess County for a new road extension project. A start date for the project has not been set.

Evansville
Cloudy
74° wxIcon
Hi: 77° Lo: 67°
Feels Like: 74°
Owensboro
Cloudy
77° wxIcon
Hi: 78° Lo: 69°
Feels Like: 78°
Princeton
Mostly Cloudy
85° wxIcon
Hi: 82° Lo: 67°
Feels Like: 90°
Madisonville
Cloudy
76° wxIcon
Hi: 77° Lo: 68°
Feels Like: 77°
Jasper
Mostly Cloudy
84° wxIcon
Hi: 83° Lo: 66°
Feels Like: 87°
Early-morning fog will be possible by daybreak tomorrow. Clouds will increase from the south through midday. Scattered showers and storms will develop by the evening and increase in coverage after sunset. Expect highs to approach the low-80s.
WEVV 4K Doppler Radar
WEVV 7-Day Forecast
WEVV Watches & Warnings

Community Events