Investment Plan

hand drops change into glass jar of change with label education. books stacked behing

Updated

The Jefferson County Board of Education approved a resolution laying out its investment plans for the Future State of JCPS.  The plans will be possible if voters approve an increase in Louisville’s property tax from 73.6 cents to 80.6 cents per $100 of assessed value.  

According to the resolution, if the increased property tax rate is approved, JCPS will invest approximately $54 million in fiscal year 2021-22:

  • At least $15 million for 21st century facilities that engage students and faculty; 
  • At least $15 million for resources in our highest-need schools;
  • At least $12 million for racial equity initiatives; and 
  • At least $12 million for additional student instructional time.

Read the resolution.

In May 2020, your locally-elected Jefferson County Board of Education approved a 7 cent per $100 dollars of valuation increase in our local property tax rate as an investment to fund much needed, long overdue improvements in the Jefferson County Public Schools system. 

The revenue measure would generate a little over $50 million to reduce the impact of state funding reductions and enable JCPS to build new schools, expand career training and job readiness programs for students, purchase technology for every child and to retain and recruit outstanding teachers to support the educational needs of our 98,000 students.   

To determine how much we are asking you to invest in the future of the young people of Jefferson County, please feel free to use our TAX CALCULATOR

On November 3rd, you and other Jefferson County voters will be able to determine the future of public education.  Our initiative is also designed to create educational equity so that our students and our community has facilities similar to other Kentucky school districts.  We will also make it a priority to use funding to support the 5,100 homeless students, the 12,000 English Language Learners and the 12,500 students with disabilities who rely upon JCPS for support of their lives each day.

Investment chart, click on image to open pdf version of this

The Case For Increased Investment

In the view of many residents of our community, our school board members and JCPS Superintendent Dr. Marty Pollio, the case for new investment is clear. This is our chance to ensure the fiscal stability and the future of our public schools.

Superintendent’s Vision

Like many of you, Dr. Marty Pollio is passionate about the future of JCPS and the changes necessary to give every student the best education possible, regardless of where they live in our community.  Please take the time to review his vision for the future.

The Financial Facts

Jefferson County Public Schools has lost $42 million in state funding over the past five years resulting in three quarters of JCPS’ budget coming from Louisville taxpayers instead of the state.  With continued reductions in state support, we simply cannot provide quality educational opportunities for the 98,000 students that we serve each day.  That is why your decision on November 3rd is so important to future of our JCPS and more importantly, the future of our community.