City Council Minutes 2023 10 17 - Laserfiche WebLink

Home Browse Search

City Council Meeting Minutes October 17, 2023 Page 10 of 13 Finance Director Ryder Bailey stated this version of the budget incorporates feedback from the previous four budget meetings. He reviewed the priorities used in this year's budget: Marshall Fire recovery; Open Space and Parks ballot measure; sustainability; economic vitality; and personnel expenditures. He reviewed the changes made for this version including IT enhancements, the Police co -responder program; the Comprehensive Plan Update; the Parks & Open Space Master Plan; and Open Space mitigation. He reviewed personnel expansions. Director Bailey reviewed the proposed budget by program. He reviewed the changes that have been made from the last meeting to make this budget structurally balanced. He reviewed the cost of salaries and benefits and noted the revenue projections have been increased. He noted the interfund transfers that are included. He reviewed the long-term forecast for each fund. He noted the Parks & Open Space fund has not be updated for this but will be amended after the results of the November ballot issue. Public Comments — None Councilmember Dickinson stated the budget reflects the Council priorities and he supports it. Councilmember Hoefner agreed. Mayor Maloney stated the changes in here reflect the requests from Council. He noted much of this could be impacted by the results of the ballot issue. Mayor Maloney closed the public hearing. The budget will come back in November for approvals. ORDINANCE NO. 1865, SERIES 2023 — AN ORDINANCE AMENDING CHAPTER 3.24 OF THE LOUISVILLE MUNICIPAL CODE REGARDING THE CITY'S TAX AND FEE BUSINESS ASSISTANCE PROGRAM — 2nd READING — PUBLIC HEARING (advertised Daily Camera 10/12/23) Mayor Maloney introduced the item by title and opened the public hearing. Interim Economic Vitality Manager Austin Brown stated this amendment to the Business Assistance Program (BAP) would codify the City's practice of rebating consumer use taxes. He reviewed the history of the BAP program. This proposed ordinance would add a definition of `consumer use tax' to the code; expand the definition of `fees' to include the amount of consumer use taxes collected; and require businesses remain open for 10 years following the issuance of a certificate of occupancy, or pay back 10% of assistance for each year out of the 10 that the business fails to remain open.