From Stu Johnson, Kentucky Public Radio State officials hope higher than expected tax receipts translate into more jobs across Kentucky. The end of the fiscal year report shows general fund tax receipts came in $6.5-percent higher than anticipated. State Budget Director Mary Lassiter says receipts exceeded estimates by $166 million. She says the numbers signal… Continue reading Kentucky Revenues Exceed Estimates By $166 Million
The Metro Council gave final approval to the loan Thursday night. It will be combined with $4 million from the city’s rainy day fund and distributed to a group of retired firefighters who sued the city after being underpaid for overtime.
Louisville Metro’s rainy day fund will most likely be tapped soon. But it won’t be used for the current budget shortfall.
Louisville Mayor Jerry Abramson is expected to announce more city budget cuts this week, but says he has no plans to tap into the rainy day fund to shore up a $20 million budget shortfall.