February 21, 2019 4:07pm
Upcoming budget hearings on proposed tax increase in Louisville
The Louisville Metro Council Budget Committee has announced a series of hearings on the proposed tax increase in Louisville. Mayor Fischer has proposed increasing the city’s tax on insurance premiums from the current rate of 5 percent to 15 percent in 2023. The increase is projected to generate an additional $63 million to help address a $65 million budget shortfall caused by changes to Metro Louisville’s actuarially required public pension contributions.
GLI is actively gathering feedback from the business community on how this proposal will impact their companies and Louisville’s economy. Greater Louisville employers are strongly encouraged to attend these hearings. All hearings will be held on the third floor of City Hall at 601 W. Jefferson St.
Monday, February 25 – Special Budget Committee meeting at 4:30 p.m. Speakers include:
- Daniel Frockt, Louisville Metro’s Chief Financial Officer
- Shellie Hampton, Director of Governmental Relations at the Kentucky Association of Counties
- Rich Ornstein, Staff Attorney at the Kentucky Association of Counties
- J.D. Chaney, Deputy Executive Director of the Kentucky League of Cities.
Thursday, February 28 – Regular Budget Committee meeting at 4:30 p.m. Public Hearing beginning at 6:00 p.m., at the conclusion of the regular committee meeting.
Monday, March 4 – Public Hearing beginning at 6:00 p.m.
Thursday, March 14 – Regular Budget Committee meeting at 4:30 p.m.
Signups for those wishing to address the Budget Committee on February 28 and March 4 begin one hour prior to the start of the hearing on the third floor of City Hall.