Kentucky Mayor's budget approved by Metro council
July 15, 2009
LOUISVILLE, Kentucky: After a month of hearings and debate over the spending plan by Louisville Metro Council, the vast majority of Mayor Jerry Abramson's $828 million proposed budget stayed intact. However the council made some significant changes in calculating how much revenue will come in during the fiscal year, and how that money will be used when it begins July 1.[1]
The budget will pay for $3 million worth of building projects with a bond instead of cash; takes $1 million from the city reserve fund for capital projects; reduces money set aside for the city's fleet of vehicles by $1 million; and reallocates $2.6 million in spending from the mayor's proposal.
Also changed from the original proposal are some restored positions that were cut, including managers at the city's Neighborhood Place organizations. The council put approximately put $606,000 back into the budget to pay for those salaries and benefits.
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