Mayor's Proposed Budget

Last week the Mayor proposed the budget for the upcoming year.  You can find a the budget address, a budget fact sheet, and the searchable budget here. You can find information about past budget’s here.  Some highlights of the budget include a 2.7% projected increase in revenue; savings from the employee health insurance, the police and fire pension, and union contracts; limited bonding; full funding of the rainy day fund; 2% salary increase for civil service employees; no broad-based tax increases; 1% increase in the franchise fee; funding for new firefighters and an ambulance; increased funding for partner agencies; money for a new senior citizens center, the Old Courthouse, the Kentucky Theatre, Rupp District, the purchase of development rights, and multi-use fields.

Now that the Mayor has proposed the budget, the Council will review the budget over the upcoming months, make changes, and adopt a final budget before the end of June.  The Council will meet in groups of 3 to review different sections of the budget and make recommendations to the full Council.  The full Council will discuss the Budget in Budget and Finance Committee of the Whole sessions.  These sessions will be posted on the city’s calendar which you can find here.  The next scheduled meeting is April 23rd at 10:00 am regarding the fund balance.