Lexington, Kentucky – Fayette County voters have approved a new property tax aimed at supporting parks projects, marking the first increase in local taxes for parks in two decades. According to unofficial results, 61% of residents voted in favor of the 2.25-cent tax per $100 of taxable property. This new tax is projected to generate approximately $8 million annually to address a significant backlog of capital projects in the county’s 100 parks.
The average homeowner in Fayette County can expect an increase of about $52.88 in their annual property tax bill. The decision is expected to take effect in 2025.
“We’re thrilled and humbled by the outcome,” said Victoria Meyer, co-director of the advocacy group Yes for Parks, which campaigned vigorously for the tax. “Tonight, Lexington has shown its commitment to creating a city where green spaces and recreation are accessible and protected for everyone.”
The funds raised through this tax will be directed toward addressing a backlog of $123 million in projects outlined in the 2024 parks master plan. Proposed improvements include new sports courts, walking trails, and playgrounds. Advocates argue that funding these enhancements directly through tax revenue is more prudent than borrowing or bonding, particularly given that delaying improvements could inflate their costs over time.
Despite the overwhelming support for the tax, some residents voiced opposition, largely concerned about rising property taxes due to escalating property values and school tax increases. Critics suggested that the city should rely on private funding, pointing to developments like Gatton Park, a 10-acre project funded mainly by private donations that is set to open next year.
However, proponents assert that relying solely on private donations could lead to inequitable funding, particularly in lower-income neighborhoods that may lack the capacity to generate private financial support for necessary upgrades.
The campaign for the new tax, conducted by Vote Yes for Parks, successfully raised over $291,491 to educate the public about the need for additional funding. Notable supporters included various conservation and land-use organizations, collecting endorsements from over 100 groups and individuals.
This referendum marks the first new tax initiative since voters approved a tax to support Lextran, the local public transit system, in 2004. The majority of property tax revenues currently go to the Fayette County Public Schools, alongside allocations for other local taxing districts.
As Lexington looks to enhance its parks and green spaces, the newly approved tax is viewed as a vital step towards improving community recreation areas and ensuring equitable access to outdoor amenities for all residents.
