Investment Fund Scorecard

About the Investment Fund

The City of Paducah levies a tax of 2.0% called the Occupational License Fee, also known as the Payroll Tax. It's a tax paid by people who work within the City of Paducah. In other words for every $1.00 that is earned, $0.02 is paid to the City of Paducah. The Payroll Tax is the largest revenue source for the City. Three-quarters of the Payroll Tax is placed into the General Fund. The remaining quarter is placed into the Investment Fund. The Investment Fund is dedicated to the following expenditures: economic development, neighborhood redevelopment, infrastructure capital investment, and property tax relief.

The anticipated revenue from the Payroll Tax for Fiscal Year 2021 for the General Fund is approximately $14.4 million with the revenue for the Investment Fund equal to $4.8 million (a quarter of the total Payroll Tax collected which is projected to be approximately $19.2 million).

Investment Fund Scorecard

Below are links to annual summaries of Investment Fund expenditures.  The first document is the quick fiscal summary.  The second document provides additional fiscal details.  For the most current fiscal year, you will find quarterly reports.