Last Tuesday, Council decided how to spend $20 million in Fund Balance money! Fund Balance refers to leftover money from the previous Fiscal Year’s Budget that hasn’t been spent. The last Fiscal Year’s budget ended on June 30th, 2024.

On Tuesday, October 29th at 10am, Council will hold a Committee of the Whole Meeting to decide how to spend the City’s Fund Balance money.

In last Tuesday’s Council Work Session, Council voted to follow the Mayor’s recommendations and keep the ad valorem tax rates for Fiscal Year 2025 (FY25) the same as FY24.

In Tuesday’s Council Work Session, Councilmembers will decide how to set the ad valorem tax rates for Fiscal Year 2025.

Council has overridden Mayor Gorton’s vetoes.

In Tuesday’s Budget, Finance, and Economic Development (BFED) Committee, Councilmembers will hear a presentation on the history and current status of LFUCG’s Economic Contingency Fund.

Citing recurring costs and a disagreement over Council’s budget process, Mayor Linda Gorton is vetoing ten positions added to the FY25 Budget by Council.

Council has approved their final changes to the FY25 Budget!

On Tuesday, May 28th at 10am and Thursday, May 30th at 1pm in Council Chambers, Councilmembers will host two Committee of the Whole (COW) meetings to discuss Link recommendations for the Mayor’s Proposed Budget!

Here is a quick snapshot of what is in the Mayor’s Proposed Budget!

Last week was the final week of Council’s budget Link meetings! Links will submit their recommendations to the full Council this Wednesday, May 15th. The Council will reconvene for a Budget Committee of the Whole Meeting to discuss and vote on the recommendations on May 28th at 10am in Council Chambers.

This Thursday, Council will hold a public hearing on the Mayor’s Proposed Budget! This will be your first opportunity to give public comment specifically for the budget.

Three Budget Links have met so far. Two more still have meetings before all Link recommendations are due to the full Council.

In Tuesday’s Environmental Quality and Public Works (EQPW) Committee, Commissioner of Finance Erin Hensley will give an overview of the Urban Services Fund.

Budget Season officially kicked off last week with Mayor Linda Gorton’s Budget Address! Council will begin working on the Proposed Budget as soon as Monday morning.

Here are some highlights from the Mayor’s Budget Address!

This Tuesday at 3pm, Mayor Linda Gorton will present her proposed budget for Fiscal Year 2024/2025 (FY24/25).

In February 27th’s Budget, Finance, and Economic Development (BFED) Committee, Councilmembers will hear two presentations on Lexington’s industry, workforce, and tax revenue growth. They will also hear a Monthly Budget Update on the Fiscal Year 2024 (FY24) budget.

Council and the Mayor’s Administration met to share their priorities for the upcoming FY25 Budget!