budget

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Mayor Fischer presents austere budget for LouisvilleKY

LouisvilleKY., – Mayor Greg Fischer proposed last week an austere 2019-2020 city budget that manages the impact of a $35 million budget deficit, driven largely by a 12 percent increase in the city’s state pension costs, while working to minimize the impact on Louisville’s most vulnerable. The $623 million general fund budget anticipates a revenue growth rate of 2.9 percent, which is dwarfed by the size of the increased pension cost – $20 million higher than in 2018. The Mayor had previously warned that despite a growing economy, the pension challenge would, without new revenue, result in $35 million in…


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LouisvilleKY Metro budget balanced for Fiscal Year 2016-17

Increased revenues largely offset public safety related expenditures Louisville, KY., – Louisville Metro Government has ended the 2016-2017 fiscal year with a balanced budget while also growing the “Rainy Day Fund” to $68.9 million, up from $67.9 million, Chief Financial Officer Daniel Frockt announced today. A year-end budget balancing ordinance — sponsored by Councilwoman Marianne Butler — was filed today with Metro Council to close out the year following the annual financial audit. Final General Fund revenues were $589 million—about $4 million (or 0.7%) more than the most recent forecast of $584.9 million, thanks in large part to 5.3% growth…


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Kentucky State Transportation Lets $41.4 Million Go Wasted!

OUTRAGEOUS! The Kentucky Department of Transportation will give up $41.4 million – even though they could have been using the funds to build better bicycling infrastructure, provide bicyclist education, install bike parking. Now they choose instead to send the money back to Washington. Meanwhile, we live in one of the most dangerous places in the U.S. for walking and cycling. And we rank at the bottom of the national Fitness Index. Let KDOT and Congress know you’re not healthy or wealthy enough to give up $41.4 M. You can do something about it! Join Bicycling for Louisville. We want better…