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Greater Louisville Inc. The Metro Chamber of Commerce 2019 Chamber of the Year
× Greater Louisville Inc. The Metro Chamber of Commerce

Growing the Regional Economy

Attention Investors:

Annual Louisville Metro Budget Approved

Last week, the Louisville Metro Council approved the capital and operating budgets for the upcoming fiscal year, totaling $1.3 billion in spending. The record budget for Louisville Metro focuses on increased funding for paving, sidewalks, parks, and homeless services.

The unanimous vote comes after two months of hearings and public input as the Metro Council reviewed Mayor Fischer’s budget proposal, presented to the Council at the end of April.

Highlights of the approved spending plan include:

  • $30 million for road paving
  • $3 million for sidewalk repairs, including $1 million in federal Community Project Funding
  • More than $5 million invested in parks, including the expanding of Waterfront Park’s Phase IV and the Louisville Zoo’s Kentucky Trails
  • $1 million to expand the Another Way pilot program partnership with Goodwill, which offers unhoused individuals an opportunity to get off the streets for work opportunities and connects them with Goodwill’s services
  • Funding for new LMPD training center and headquarters in Downtown Louisville
  • $150,000 in additional mental health resources and safety improvements at Metro Corrections
  • $100 million in matching dollars to access Infrastructure Investment & Jobs Act (IIJA) fundingthat Louisville may be awarded in grants
  • Funding for Evolve502 scholarship support, Louisville Affordable Housing Trust Fund, and Dare to Care’s new distribution center

The approved budget goes into effect on July 1, 2022 and will be bolstered by $300 million in federal relief funding.

Click here to view more details about the Fiscal Year 2023 Metro budget.


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