Fiscal Year 2017 Budget Update

Mayor Jim Gray released the Fiscal Year 2017 (FY 17) proposed budget on Tuesday, April 5, 2016.  As a reminder, the Lexington-Fayette Urban County Government’s FY 17 will begin on July 1, 2016 and conclude on June 30, 2017.   The administration proposes the budget, which the Council reviews over the coming months.  You can view a video of the Mayor’s budget address by clicking here.

The mayor’s proposed budget  projects operating fund revenue of $345 million. Here are a few highlights:

  • Funds for twenty new police officers and the purchase of body cameras
  • A $3 million investment in aquatics including spraygrounds
  • Affordable housing and homeless prevention and intervention are funded at $2.75 million
  • A youth sports complex in Cardinal Run North has a proposed funding level of $7 million

For a comprehensive and detailed PDF of the proposed budget, please click here.

Council has formed subcommittees of the Budget, Finance, and Economic Development Committee to review the proposed budget.  Each subcommittee covers a different area so that the full budget receives Council’s review.  By clicking here you can view a list of the subcommittees and the Councilmembers who serve on them.

Council will approve a budget by the end of June 2016.  Below is an estimated timeline of events in the budget process:

  • 4/5/16 – Mayor’s Proposed Budget Address
  • 4/14/16 – Council Budget Workshop
  • 4/19/16 – Revenue Projections, Bonding, Debt & Capital Discussion
  • 4/26/16 – Discussion/Analysis of Mayor’s Proposed Budget
  • 5/24/16 – Link Recommendations and Report Out
  • 5/24/16 – Public Hearing Mayor’s Proposed Budget
  • 5/26/16 – Revenue Update/Review Mayor’s Late Items/Review Links/Councilmember Recommendations
  • 6/7/16 – Discussion of Proposed Amendments
  • 6/7/16 – Ratify Budget/Motion to Place on Docket
  • 6/14/16 – 1st Reading of Budget
  • 6/16/16 – 2nd Reading of Budget

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