Proposed 2012-2013 Budget Highlights

No tax increases; Maintains basic services and workforce levels

Closes part of the budget gap by better managing city resources

• $6.7 million by selling Mud Lot to Parking Authority of River City
• $4 million by selling City Hall lot to PARC
• $3.9 million for sale in 2003 of county garages to PARC to be collected

Makes structural changes to address long-term deficit

• $3.1 million reduction in overtime across all agencies
• New contracts with EMS, Corrections that reduce overtime and pay increases

Makes significant investments in public safety

• Provides $304 million for police, fire, EMS and public protection — about 66% of General Fund dollars.
• Funds three police recruit classes – 96 new officers
• Funds one fire recruit class

Makes strategic investments for the future and leverages public dollars with private matches

• $9.5 million to build the Southwest Regional Library; matched with $3.5 million from the Library Foundation
• $1.5 million to replace the HVAC system at Mary T. Meagher Aquatic Center
• $500,000 to acquire West Louisville property to attract businesses
• $500,000 for a Louisville Heritage Conservation Fund for historic preservation; to be matched dollar-for-dollar by private donor
• $500,000 for new lighting/streetscape on South Fourth Street to attract retail
• $450,000 to help by 82 acres of land in Fairdale for Louisville Loop and Jefferson Memorial Forest; matched with $450,000 from David and Betty Jones Sr.
• $100,000 to help create a 25-year plan and vision for the city
• $100,000 for SummerWorks jobs program for at-risk teens; matched with $900,000 in private and business donations
• $75,000 to buy e-books for library users

Invests in innovations that will save money, make city greener

• $400,000 to purchase 55-gallon recycling bins for two neighborhood routes
• $125,000 to help foreclose on 100 of the most marketable vacant properties
• $60,000 to hire tree inspector to help improve city’s tree canopy

Provides $4.9 million to non-profit agencies that help citizens. Money will fund arts, community ministries, and social service agencies.

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