The committee spent weeks debating how to make about $35 million in payments in a settlement with the firefighters over miscalculated overtime. The body was split between issuing bonds to finance the payments and tapping the city’s rainy day fund. Tapping the fund could hurt the city’s credit rating, while bonds accrue interest.
Tag Archives: downard
Budget Committee Reviews Firefighter Settlement Payment Plans
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.
Downard Reacts To Neighborhood Resignations
A Louisville Metro Councilman says the recent resignation of two government employees is a sign of financial mismanagement.
Resolution Takes Aim At LG&E Rate Increase Request
by Gabe Bullard A resolution addressing utility rate increases will be given first reading in Thursday’s Metro Council meeting. The Louisville Gas and Electric company is asking the Public Service Commission to approve a rate increase. for infrastructure improvements and to recoup losses from ice and wind storms. The resolution asks the PSC to deny […]
Resolution Takes Step Toward Merged Fire Districts
Louisville Metro Councilman Dan Johnson has authored a resolution that would take the first steps toward a unified fire department in Louisville.
Council To Debate Firefighters Payments Next Month
The Louisville Metro Council’s Budget Committee will soon meet to decide how to finance the final two payments in last year’s settlement with underpaid firefighters.
Downard Calls For Refund From KLC
Louisville Metro Councilman Kelly Downard is calling for a partial refund of Louisville’s payments to the Kentucky League of Cities.
Mayor's Bridges Authority Appointments Confirmed
Four members of a bi-state bridges authority have been approved.
Downard Authors Mayoral Succession Resolution
The Louisville Metro Council Thursday will give first reading to a resolution that seeks to change the succession process for the mayor’s office.
Committee Considers Term Limits, Contractor Spending
The Louisville Metro Council’s Accountability and Oversight Committee has begun discussing a proposal for mayoral term limits.