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LouisvilleKY Insurance premium tax increase proposed to help cover $65M budget gap and prevent devastating cuts

Louisville, KY., – Facing devastating potential cuts because of an expected $65 million general fund gap over the next four years, Mayor Greg Fischer is proposing to increase the city’s tax rates on home, life, marine and miscellaneous insurance, such as malpractice, title insurance and umbrella coverage, from their current five percent to 12.5 percent in FY20 and FY21, 13.5 percent in FY22 and 15 percent in FY23. Auto would be excluded from this increase, which overall would generate approximately $63 million by FY23. “Louisville Metro Government has proven it is an efficient operation, and our city is seeing a good…

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Mayor Fischer

LouisvilleKY Mayor pledges ‘fierce sense of urgency’ in third term

Louisville, KY., – Mayor Greg Fischer pledged today to bring the same energy, innovation and commitment to his third term as when he first took office in 2011, saying he and his team “are dreaming even bigger, and will move even faster and work even harder in the days ahead.” Delivering his third inaugural address in the rotunda of Metro Hall, which was decked in blue and filled with music by local artists Ben Sollee and Scott Moore, Mayor Fischer highlighted accomplishments of the past eight years, including 80,000 new jobs, 2,700 new businesses and $13 billion in capital investment. “What…