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Budget Committee

Thursday, August 4, 2022 · 5:00 PM AM · Council Chambers/Virtual

TL;DR

The Budget Committee met briefly to approve the fifth round of American Rescue Plan (ARP) funding to continue addressing COVID-19 economic and public health impacts. The committee also recommended moving forward with a resolution to potentially finance capital projects through general obligation bonds.

Key Decisions

  • Fifth Round of ARP Local Fiscal Recovery Funding Passed
  • Resolution for Potential Capital Project Financing Recommended for Approval
Agenda PDF Minutes PDF

Agenda

  1. Supporting Staff

    Laura Ferguson, Jefferson County Attorney's Office Hollie Hopkins, Jefferson County Attorney's Office LaTonya Bell, Council Financial Analyst Beth Stenberg, Council Financial Analyst

  2. Clerk(s)

    Marissa Brown, Assistant Clerk Lisa Franklin Gray, Assistant Clerk

  3. Call to Order

    Chair Hollander called the meeting to order at 5:02 p.m.

  4. Roll Call

    Chair Hollander introduced the committee and non-committee members present. A quorum was established. *NOTE: All committee and non-committee members present attended in chambers except for Committee Member Winkler, Committee Member Arthur, Committee Member Fowler and Committee Member Triplett, who attended virtually.

  5. Pending Legislation

    [See the "Captioning Transcript of Budget Committee - August 4, 2022.pdf" attached hereto for additional information regarding the discussion of each item.]

  6. 1. AN ORDINANCE APPROVING A FIFTH ROUND OF THE AMERICAN RESCUE PLAN (ARP) LOCAL FISCAL RECOVERY FUNDING TO ADDRESS THE CONTINUED IMPACT OF COVID-19 ON THE ECONOMY, PUBLIC HEALTH, STATE AND LOCAL GOVERNMENTS, INDIVIDUALS, AND BUSINESS.
    Ordinance
    Action: recommended for approval Passed

    A motion was made by Committee Member Engel, seconded by Committee Member Chambers Armstrong, that this Ordinance be recommended for approval. The following spoke to this item: Chair Hollander Monica Harmon, Office of Management and Budget Dr. Jeffrey Howard, Louisville Metro Public Health and Wellness The motion carried by the following vote and the Ordinance was sent to the Consent Calendar:

  7. 2. RESOLUTION OF OFFICIAL INTENT OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT TO FINANCE THE ACQUISITION, CONSTRUCTION, RENOVATION AND IMPROVEMENT OF CERTAIN CAPITAL PROJECTS OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT AND ITS AGENCIES AND DEPARTMENTS FROM THE PROCEEDS OF ONE OR MORE PROPOSED ISSUES OF GENERAL OBLIGATION BONDS AND GENERAL OBLIGATION NOTES.
    Resolution
    Action: recommended for approval

    A motion was made by Committee Member Engel, seconded by Committee Member Chambers Armstrong, that this Resolution be recommended for approval. Monica Harmon, Office of Management and Budget, spoke to this item. The motion carried by a voice vote and the Resolution was sent to the Consent Calendar.

  8. Adjournment

    Without objection, Chair Hollander adjourned the meeting at 5:12 p.m.

  9. Note: Items sent to the Consent Calendar or Old Business will be heard before the full Council at the Metro Council meeting on August 11, 2022.