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PAGE THREE <br />SUBJECT:ADDRESSING CURRENT AND LONG-TERM FINANCIAL ISSUES <br />FACING LOUISVILLE <br />DATE: FEBRUARY 9, 2010 <br />FISCAL IMPACT: <br />Staff’s recommended actions would reduce General Fund expenditures by $250,000 annually <br />beginning in 2011 (and a lesser amount in 2010 depending on when during the year they are <br />implemented). Staff’s recommendations for the Golf Course would generate sufficient revenue <br />from a Golf Course agreement to cover all costs and to begin paying off the debt incurred over <br />the past two years. <br />RECOMMENDATION: <br />Discuss the variables, confirm the reasonableness of the assumptions staff has used to <br />generate the projections or provide recommended adjustments, review the various options staff <br />has recommended and provide direction. <br />ATTACHMENT(S): <br />1.PowerPoint Presentation <br />2.Table 1: Actions Implemented in 2009and As Part of the 2010 Budget <br />3.Table 2: Staff Recommendations for Reducing the Gap Between Revenues and <br />Expenditures <br />4.Table 3: Options For Increasing Tax or Fee Revenue <br />