Louisville Metro Government will borrow ten million dollars from the Louisville Water Company to settle its lawsuit with firefighters. The city owes retired firefighters 14.2 million dollars because of years of miscalculated overtime.
The Louisville Metro Council has approved a plan to borrow $35 million to finance the remainder of a settlement with firefighters over miscalculated overtime. The council’s budget committee had recommended this week that the settlement be financed with a combination of bonds and $10 million from the city’s rainy day fund. But at the full… Continue reading Council Approves Bond Issue For Firefighters Settlement
The Budget Committee of the Louisville Metro Council continued its discussion of how to finance the final $30 million in a settlement with underpaid firefighters. The committee Tuesday tabled an ordinance that would have issued bonds to make the payments.
Louisville Mayor Jerry Abramson filed an ordinance this morning with the Metro Council, outlining his plan to pay a $45-million settlement to hundreds of active and retired firefighters. About a third of the payment would be made in cash in December, and mayor’s spokesperson Chris Poynter says the rest of the settlement would be paid… Continue reading Firefighter Settlement Payment Plan Filed With Council