Budget Committee
TL;DR
The Budget Committee considered several budget amendments for fiscal year 2026-2027, including transfers totaling $85,000 from neighborhood development funds to general operations in Districts 7 and 11, and a shift of $60,000 from capital infrastructure to neighborhood development in District 3. The committee also reviewed authorization for the Mayor to accept up to $107.25 million in state funding from Kentucky's Department for Local Government for various city projects.
Key Decisions
- District 7 Neighborhood Development Fund Transfer Pending
- District 11 Neighborhood Development Fund Transfer Pending
- District 3 Capital to Neighborhood Development Reallocation Pending
- State Funding Authorization ($107.25 Million) Pending
- General Obligation Bonds for Capital Projects Pending
Agenda
- Call to Order
- Roll Call
- Pending Legislation
- 1. AN ORDINANCE AMENDING ORDINANCE NO. 110, SERIES 2026 RELATING TO THE FISCAL YEAR 2026-2027 OPERATING BUDGET, BY TRANSFERRING $20,000.00 FROM THE NEIGHBORHOOD DEVELOPMENT FUND (DISTRICT 07) TO THE LOUISVILLE METRO COUNCIL GENERAL OPERATIONS (DISTRICT 07).Ordinance
- 2. AN ORDINANCE AMENDING ORDINANCE NO. 110, SERIES 2026, RELATING TO THE FISCAL YEAR 2025-2026 OPERATING BUDGET, BY REALLOCATING FUNDS BETWEEN VARIOUS DEPARTMENTS.Ordinance
- 3. AN ORDINANCE AMENDING ORDINANCE NO. 110, SERIES 2026 RELATING TO THE FISCAL YEAR 2026-2027 OPERATING BUDGET BY TRANSFERRING $5,000.00 FROM THE NEIGHBORHOOD DEVELOPMENT FUND (DISTRICT 11) TO THE LOUISVILLE METRO COUNCIL GENERAL OPERATIONS (DISTRICT 11).Ordinance
- 4. AN ORDINANCE AMENDING ORDINANCE NO. 111, SERIES 2026, AND ORDINANCE NO. 110, SERIES 2026, RELATING TO THE FISCAL YEAR 2026-2027 CAPITAL BUDGET AND THE FISCAL YEAR 2026-2027 OPERATING BUDGET, RESPECTIVELY, BY TRANSFERRING $60,000 FROM THE DISTRICT 03 CAPITAL INFRASTRUCTURE FUND TO THE DISTRICT 03 NEIGHBORHOOD DEVELOPMENT FUND.Ordinance
- 5. 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
- 6. A RESOLUTION AUTHORIZING THE MAYOR TO ACCEPT UP TO $107,250,000 OF FUNDING FROM THE COMMONWEALTH OF KENTUCKY THROUGH THE DEPARTMENT FOR LOCAL GOVERNMENT (“DLG”), AUTHORIZING AND DIRECTING LOUISVILLE METRO GOVERNMENT TO EXECUTE ANY DOCUMENTS WHICH ARE DEEMED NECESSARY BY DLG TO CARRY OUT VARIOUS PROJECTS, AND AUTHORIZING THE MAYOR TO ACT AS THE AUTHORIZED CORRESPONDENT FOR THESE PROJECTS.Resolution
- 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.