Deal Reached Between Floyd County And Coal Company

Prestonsburg, KY — Floyd County has worked out a deal to settle delinquent property taxes owed by a company once controlled by West Virginia Gov. Jim Justice. Floyd County is to receive $400,000 under the deal. County Attorney Keith Bartley said county officials didn’t enter a previous agreement because they were unwilling to waive 100 percent of the penalties and interest owed by Kentucky Fuel. The delinquent taxes totaled $671,000 from six years. Bartley said the original face amount was about $313,000. In the earlier deal, Justice family companies wiped out millions in delinquent property taxes due to the state and four other eastern Kentucky counties — Knott, Pike, Harlan and Magoffin.