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President King returns 10% of his Discretionary Funds to Metro Goverment

Wednesday December 10, 2008

For Immediate Release:
Majority Caucus
Louisville Metro Council
Contact: Tony Hyatt 574-4137/526-3622

In an effort to ease the financial crunch Metro Government continues to face, Metro Council President Jim King (D-10) will return to Metro Government 10% percent of discretionary funds for the current fiscal year allocated to District 10.

“In reviewing projects in my district and considering that services and cutbacks have been put into place by Mayor Abramson, it’s the right thing for the people of Louisville,” says King.

President King said he will return $10,000 of his Capital Infrastructure Funds (CIF) along with $7,500 in Neighborhood Development Funds (NDF). Each Council member has CIF and NDF funds allocated for specific needs in their District each fiscal year.

“There are many projects we have completed in District 10 and for at least the next six months other projects can be put on hold until our larger financial picture becomes more clear,” said King. “I still plan to address pressing needs in District 10 as I have in the past.”

Members of the Metro Council receive $100,000 each fiscal year in CIF money to address capital improvements such as sidewalk repairs and street paving in their District. They also receive $75,000 in NDF money to appropriate to various non-profit agencies for services provided to constituents in their District.

“These funds have been a tremendous resource for many neighborhood groups and agencies to help improve the quality of life in our neighborhoods,” said King. “But it is also critically important to maintain public safety and other essential services so it is my hope that those who have been helped with these funds in the past will understand my decision.”

President King will request that these funds be directed to lessen the impact on public safety cutbacks.

Sponsor:
Jim King (D) 10