Daniel Frockt

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Property tax rates down slightly in LouisvilleKY

  LOUISVILLE, KY (August 10, 2016) – Louisville citizens will see another slight reduction in their property tax rates this year, Mayor Greg Fischer and Chief Financial Officer Daniel Frockt announced today. “The rate reduction reflects a continued strong real estate market consistent with our locally expanding economy,” Frockt said. The Metro real property tax rate that applies to the entire county will move from 12.54 cents per $100 assessed value to 12.45 cents, which amounts to a 90 cent savings for every $100,000 of assessed property value. A property tax ordinance filed Monday with Metro Council leaves the Urban…


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Louisville Ky appears to be in solid financial shape

CFO Frockt: City Government on strong financial footing But Metro still lacks significant resources to address billions of dollars in needs LOUISVILLE, KY (April 12, 2016) – Louisville Metro Government is in a strong financial position, due to a balanced annual budget, high ratings from credit agencies and a rainy day fund of $66.1 million, according to city Chief Financial Officer Daniel Frockt, speaking today during the first meeting of a special Metro Council committee examining city finances and future investment needs. “Our financial outlook today is much stronger than five years ago, when Mayor Greg Fischer took office and…


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Louisville Ky has some extra money in its coffers thanks to a budget surplus

  Mayor Fischer announces Louisville Metro Government ends fiscal year with $18.9 million surplus   LOUISVILLE (December 15, 2015) – Citing sound fiscal policies, experienced management and strict budget adherence, Mayor Greg Fischer announced today that Louisville Metro Government ended fiscal year 2015 with a surplus of $18.9 million.  The surplus represents $6.3 million in increased revenue and $12.6 million in expense savings, which reflect efficiencies in government, the mayor said. “This is a good government — and an improving economy —at work,” Fischer said. “Department directors held the line on their budgets, working to ensure that every one of…


LouisvilleKY.com's headquarters is getting a tax break

News Flash: Property Taxes Going Down in Metro

First reduction in years takes effect this November  LOUISVILLE, KY (August 24, 2015) – Citizens in Louisville will see a slight reduction in their property tax rates starting this year, Metro Government’s Office of Management and Budget  announced today. “The real estate market and property assessment values are improving, and we continue to see higher employment rates,” said Metro Chief Financial Officer Daniel Frockt. “These tangible results have led to the first property tax rollback in years.” A property tax ordinance filed today to Metro Council will move the Urban Service District real property tax rate from 36.66 cents per $100…