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Page 4 of 11 <br />Joe Carnival, Meadows, Enclave, Sunflower - Carry -forward funds for Joe <br />Carnival and Meadows into'24 plus also develop Enclave and Sunflower <br />project plans and implementation this year (City has dedicated matching <br />funds with the award of GoCO grant) <br />- PPLAB Capital projects: 5-year initial requests: bring to Adam and Ryder in <br />late March/April to start thinking about for July 2024 budget meeting. <br />- Sales tax is largest revenue stream, property tax next <br />- City staff indicated Vacancy rate is within commonly considered <br />"acceptable" levels- <10% vacancy across commercial buildings. That said, <br />several vacancies are clustered in Downtown Louisville area. <br />- Sales tax revenue looks ok; budgeting for 5% increase next year and 7% in <br />later years <br />- Online sales are growing sector. <br />- Marshall fire -10% reduction due to properties lost but that is coming back <br />$24.5mil property tax estimated for Redtail (amount available for Parks <br />from Gen Fund to be further estimated). <br />Otherfunds: <br />- Cemetery <br />- Trust funds from lottery <br />- Capital fund - 301(also funded by basic sales tax) <br />- General sales tax: 3 cents is base, 2 cents to operations, 1 cent into capital <br />fund <br />Public comment: Helen Moshak (see attached presentation) <br />On behalf of Louisville Open Space Advocates (LOSA) <br />- City Charter: stewardship, preserve and protect <br />- Goals: (1) financial stability <br />- Allocate a $1.85mil one-time balance t❑ seed Acquisition Reserve <br />account, so City can be in position to acquire land when that <br />opportunity presents itself <br />- (2) ❑pen space plan <br />- Mission of Open Space is to preserve and protect. <br />- (3) build dedicated open space department <br />- Build out structure for capacity for Open Space Department <br />6 <br />