Monticello City Council has committed $500,000 of its American Rescue Plan funds to expand broadband internet service to underserved areas. The council has also applied for matching grant funds through the Kentucky Infrastructure Authority for a fiber deployment project. They approved a resolution regarding the grant application during a meeting held last night (Monday).
The resolution states that the county will commit the same amount of their money to the project through a joint effort with Community Telecom Services, which is owned by the city and the county. It authorizes the city to join with the county in a total application for $1 million in grant funds through the Kentucky Infrastructure Authority.
Council members discussed some other options for the balance of the city’s American Rescue funding, which is $275,000. They will look at some options before making any final decisions, though they discussed bonuses for essential city workers who have worked through the pandemic, as well as some ways that they can assist the Chamber of Commerce.
Also during the meeting, the council heard the first reading of an ordinance regarding property tax rates for the city. The proposed rate of 12.1 cents per hundred dollars of assessed value is unchanged from last year. The rate for motor vehicles and watercraft will remain at 22.5 cents per hundred dollars assessed value.