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Ward-Pugh and six other Metro Council members introduce ordinance to support new revenue

Tuesday February 12, 2013

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

Louisville – Metro Council members are proposing an ordinance to amend Louisville Metro Code of Ordinances Chapters 38 and 122 to establish a 1% increase in Louisville’s insurance premium license fees.

The proposed ordinance is the result of serious reductions in state and federal funding to local governments that have historically helped address the needs of Louisville Metro as it pertains to vacant and abandon properties, roads and sidewalks, economic incentives and affordable housing.

By increasing the percentage fee assessed for insurance premium license fees, the sponsors believe this may partially assist in addressing those issues that impact the overall quality of life in Louisville Metro.

The ordinance primary sponsors include the Councilmembers Tina Ward-Pugh (D-9), Mary Woolridge (D-3), Attica Scott (D-1), Brent Ackerson (D-26), Rick Blackwell (D-12), Madonna Flood (D-24) and Tom Owen (D-8) and will have its first reading at the next Regular Council Meeting on Thursday, February 14, 2013.

Sponsors:
Attica Scott (D) 1
Mary Woolridge (D) 3
Tom Owen (D) 8
Tina Ward-Pugh (D) 9
Rick Blackwell (D) 12
Madonna Flood (D) 24
Brent Ackerson (D) 26