Louisville Council Votes Down Compromise Bill To Shore Up Budget Shortfall

(Louisville, KY) - The City of Louisville is facing major budget cuts after the Metro Council voted down a bill to raise taxes on Thursday night.

Council members voted no on a bill that would have increased taxes on insurance premiums as well as made some cuts in order to shore up an estimated $65 million budget shortfall due to rising costs in public employee pensions. 

Mayor Greg Fischer said without the tax increases, the city will have to cut at least $35 million from next year's budget, which he said will likely affect police, firefighters, emergency responders, public libraries and more.

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