LOUISVILLE, Ky. (Aug. 21, 2013) — The Metro Council’s Budget Committee voted unanimously against any property tax increase for the current fiscal year in Metro Louisville.
“Metro Government continues to provides services and while living within its means,” said Councilwoman Marianne Butler (D-15) who chairs the Budget Committee. “We understand constraints and we appreciate the concerns of the public as they work to live within their household and or business budgets.”
“The people of this community are facing enough challenges,” said Councilman Kelly Downard, (R-16), Budget Committee Vice-Chair. “I am happy to co-sponsor an ordinance that shows Metro can live within our current budget constraints and doesn’t need higher taxes or additional revenue.”
The ordinance was presented to the Metro Council from Mayor Greg Fischer.
Under the ordinances, the property tax rate in the unincorporated areas of Metro Louisville will remain at 12.55 cents per $100 of assessed value. Inside the Urban Services District, the rate will remain at 36.66 cents per $100 of assessed value.
“Our taxpayers deserve a break in light of the annual Jefferson County Public Schools tax increases. We believe in letting economic activity and new jobs drive tax receipts – not higher rates,” said Council President Jim King (D-10).
The ordinance now moves to the full council on Thursday.