Budget Committee
TL;DR
The Budget Committee met to consider four major ordinances for fiscal year 2026-2027, including the operating and capital budgets, a property tax classification change for the Urban Services District, and authorization for up to $750 million in health system revenue bonds for Norton Healthcare expansion and refinancing. The meeting agenda indicates these items were pending but does not specify which items were actually voted on or their outcomes.
Key Decisions
- Property Tax Subclassifications Pending - no vote outcome recorded
- Norton Healthcare Revenue Bonds ($750 million) Pending - no vote outcome recorded
- Fiscal Year 2026-2027 Operating Budget Pending - no vote outcome recorded
- Fiscal Year 2026-2027 Capital Budget Pending - no vote outcome recorded
Agenda
- Call to Order
- Roll Call
- Pending Legislation
- 1. AN ORDINANCE AMENDING CHAPTER 38 OF THE LOUISVILLE METRO CODE OF ORDINANCES (“LMCO”) TO ESTABLISH SUBCLASSIFICATIONS OF REAL PROPERTY FOR PURPOSES OF AD VALOREM TAXATION WITHIN THE URBAN SERVICES DISTRICT.Ordinance
- 2. AN ORDINANCE OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, KENTUCKY, (I) AUTHORIZING THE ISSUANCE OF ITS HEALTH SYSTEM REVENUE BONDS (NORTON HEALTHCARE, INC.), SERIES 2026 IN ONE OR MORE SERIES IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $750,000,000, THE PROCEEDS OF WHICH SHALL BE LOANED TO NORTON HEALTHCARE, INC.TO (A) PAY OR REIMBURSE NORTON HEALTHCARE, INC. AND NORTON HOSPITALS, INC. FOR THE COSTS OF ACQUIRING, CONSTRUCTING, RENOVATING AND EQUIPPING CERTAIN HEALTH CARE FACILITIES OF NORTON HEALTHCARE, INC. AND CERTAIN AFFILIATES, AND (B) REFINANCE CERTAIN OUTSTANDING INDEBTEDNESS, AND (II) TAKING OTHER RELATED ACTION.Ordinance
- 3. AN ORDINANCE RELATING TO THE FISCAL YEAR 2026-2027 OPERATING BUDGET FOR THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT INCLUDING APPROPRIATIONS AND AUTHORIZATIONS FOR OPERATION, MAINTENANCE, SUPPORT, AND FUNCTIONING OF THE GOVERNMENT AND ITS VARIOUS OFFICERS, DEPARTMENTS, COMMISSIONS, INSTITUTIONS, AGENCIES, AND OTHER METRO-SUPPORTED ACTIVITIES (AS AMENDED).Ordinance
- 4. AN ORDINANCE RELATING TO THE FISCAL YEAR 2026-2027 CAPITAL BUDGET FOR THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT INCLUDING APPROPRIATIONS AND AUTHORIZATIONS OF FUNDS FOR GENERAL CONSTRUCTION, MAINTENANCE, REPAIR AND IMPROVEMENT OF THE FACILITIES AND ASSETS OF THE GOVERNMENT OF LOUISVILLE/JEFFERSON COUNTY AND OTHER LOUISVILLE METRO-SUPPORTED ACTIVITIES (AS AMENDED).Ordinance
- Adjournment
- Note: Agendas are followed at the discretion of the Chair. While an item may be listed, it does not mean all items will be heard and/or acted upon by the Committee.