OPENPUBLICA · PUBLIC MEETING RECORD
Record of Proceedings

Budget Committee Special Meeting: June 22, 2026 - Bond Issuance, FY26-27 Budgets, and Property Tax Amendments

Metro Council & CommitteesMonday, June 22, 2026
BodyLouisville, Kentucky
SessionMetro Council & Committees
DateMonday, June 22, 2026
StatusFILED
Video Record
0:00 / 1:02:19

Transcript — Verbatim
0:00

Until it just won't let the metal pass through.

0:04

So you can feel it's kind of tight in there.

0:07

Yeah.

0:08

All right.

0:08

And then we want to take it.

0:09

We want to move it about a half a turn.

0:12

Okay.

0:12

And then we're going to make sure they're going to hold it here at the end.

0:16

You want me to hold it?

0:17

Sure.

0:17

And you're going to hold it in there and make sure it grabs it.

0:20

And then you're going to crank this wheel forward.

0:23

Okay.

0:24

And push it in.

0:25

So you can crank.

0:28

Got it.

0:28

Put some put some muscle into it.

0:31

There we go.

0:33

All right.

0:34

So it comes out the other end.

0:37

And this one has a little bit of it.

0:39

So we need to clamp it down a little bit more, but you can see where it took that edge that we have.

0:44

You can't pattern going in there.

0:47

So would you use this for something like jewelry or absolutely?

0:51

Um you would take that and you can cut it out with that texture on it and do whatever you wanted with it.

0:56

Turn it into a band of a ring, turn it into earrings, put enamel over the top of it, and bring out that pattern even more.

1:05

The texture in the metal makes the enamel come out even more because it settles in the crevices.

1:12

Gotcha.

1:12

It's so interesting to learn all about it.

1:15

Well, all of this is just so cool.

1:17

It's so interesting learning about all the different and unique things that you can do here at Metro Arts.

1:22

And you said a lot of good things about Metro Arts, how you can explore different mediums, and you don't have to have years of art experience to try anything here.

1:32

Thank you.

1:33

Thanks for coming out and joining us and showing everybody what we do here.

1:36

Yeah, yeah.

1:48

Well, unfortunately, that's all the time we've got for now, but I know I can't wait to come back here and keep getting more crafty at Metro Arts Community Center.

1:57

To keep up with all things local parks and recreation, visit our website bestparks ever.com or follow us on all social media platforms.

2:04

I'll see you next time.

4:39

I'm Kevin Kramer.

4:40

This is uh June twenty second.

4:42

It is about three oh one, three oh two.

4:45

Um this is the special meeting, the budget committee.

4:48

We have several items on the agenda today.

4:50

Um I am without objection gonna take the agenda slightly out of order.

4:54

Um we will hear item number one, then we will move to items three and four, and then move back to item number two.

5:02

So for those who are listening, item one is the IRB, items three and four are the operating budget and the capital budget, and then item two is the um ordinance around the um adverb ad velorum tax.

5:16

So that's just that's where we'll be.

5:18

All right.

5:20

So um I'm joining chambers by my vice chair, Councilman Marcus Winkler, joined also in chambers by councilwoman Chapel, Councilwoman Hawkins, Councilman Joseph, Councilman Herndon, Councilman Leninger, joined online by Councilman Owen, Councilman Piagentini, and Councilwoman Parrish Wright.

5:41

Um I'm watching to see if anyone else comes in.

5:45

Seeing no one.

5:46

Um, Madam Clerk, if you could please read into the record the meeting notice.

5:50

This meeting is being held pursuant to KRS 61.826 in Council Rule 5A read in full.

5:56

Thank you.

6:01

Um great.

6:02

So the first item on the agenda is ordinance 1742.

6:06

This is an ordinance of the Louisville Jefferson County Metro government authorizing the issuance of its health system revenue bonds to Norton Healthcare Inc.

6:16

series 2026 in one or more series in an aggregate principal amount not to exceed 750 million.

6:22

Um the proceeds the proceeds of which shall be loaned to Norton Healthcare Inc.

6:28

to pay or reimburse Norton Healthcare Inc.

Discussion Breakdown — Share of Meeting
Budget Equity Analysis█████████████████████████████████████████████60%
Procedural████████10%
Parks and Recreation█████7%
Arts And Culture█████6%
Engineering And Infrastructure████5%
Downtown Development████5%
Public Safety██2%
Historic Preservation██2%
Economic Development1%
Summary of Proceedings

Budget Committee Special Meeting: June 22, 2026 - Bond Issuance, FY26-27 Budgets, and Property Tax Amendments

The Louisville Metro Budget Committee held a special meeting on June 22, 2026, from 3:01 PM to 4:00 PM, chaired by Kevin Kramer (R-11). Nine of ten committee members were present (Mulvey-Woolridge excused). The committee considered four ordinances: a $750 million Norton Healthcare bond issuance, a property tax classification ordinance, the FY 2026-2027 operating budget, and the capital budget. All were recommended for approval with amendments where applicable.

Consent Calendar

  • O-174-26: Authorized issuance of up to $750 million in Health System Revenue Bonds for Norton Healthcare. $600 million for refinancing, $150 million for new capital projects (Central Pharmacy, downtown campus renovations, Norton Women's and Children's, etc.). Conduit debt with no Metro liability. Recommended unanimously (9-0) and sent to the Consent Calendar.

Discussion Items

  • O-169-26 (Property Tax Subclassifications): Establishes authority to create separate tax rates for land and improvements within the Urban Services District, intended to incentivize development. Sponsored by Piagentini and Owen. Committee vote 8-0-1 (Chappell present). Sent to Old Business.
  • O-175-26 (FY 2026-2027 Operating Budget): Amended to include administration-requested adjustments (e.g., corrections grant reduction of $1M, CDBG allocation changes, transfer of housing division staff with 22 positions) and council additions (e.g., $500,000 to rainy day fund, $500,000 for Housing Finance Agency startup, various community allocations for arts, violence prevention, social services). Amended version passed 8-1 (Chappell opposed). Sent to Old Business.
  • O-176-26 (FY 2026-2027 Capital Budget): Amended to include redistribution of $2.6M from Capital Infrastructure Fund, reduction of $5M for Belvedere project, addition of golf course agronomic improvements ($1.26M), and numerous district-specific infrastructure projects (parks, sidewalks, traffic calming, public art). Amended version passed 8-1 (Chappell opposed). Sent to Old Business.

Key Outcomes

  • All four ordinances were recommended for approval by the Budget Committee.
  • Votes: O-174-26 (9-0); O-169-26 (8-0-1); O-175-26 (8-1); O-176-26 (8-1).
  • The recommended ordinances will be considered by the full Metro Council on June 25, 2026.
  • Notable: The operating budget includes a requirement for a review of the external agency panel process with potential elimination. The capital budget prioritizes library books and golf course improvements for mid-year funding.

Meeting Transcript

Until it just won't let the metal pass through. So you can feel it's kind of tight in there. Yeah. All right. And then we want to take it. We want to move it about a half a turn. Okay. And then we're going to make sure they're going to hold it here at the end. You want me to hold it? Sure. And you're going to hold it in there and make sure it grabs it. And then you're going to crank this wheel forward. Okay. And push it in. So you can crank. Got it. Put some put some muscle into it. There we go. All right. So it comes out the other end. And this one has a little bit of it. So we need to clamp it down a little bit more, but you can see where it took that edge that we have. You can't pattern going in there. So would you use this for something like jewelry or absolutely? Um you would take that and you can cut it out with that texture on it and do whatever you wanted with it. Turn it into a band of a ring, turn it into earrings, put enamel over the top of it, and bring out that pattern even more. The texture in the metal makes the enamel come out even more because it settles in the crevices. Gotcha. It's so interesting to learn all about it. Well, all of this is just so cool. It's so interesting learning about all the different and unique things that you can do here at Metro Arts. And you said a lot of good things about Metro Arts, how you can explore different mediums, and you don't have to have years of art experience to try anything here. Thank you. Thanks for coming out and joining us and showing everybody what we do here. Yeah, yeah. Well, unfortunately, that's all the time we've got for now, but I know I can't wait to come back here and keep getting more crafty at Metro Arts Community Center. To keep up with all things local parks and recreation, visit our website bestparks ever.com or follow us on all social media platforms. I'll see you next time. I'm Kevin Kramer. This is uh June twenty second. It is about three oh one, three oh two. Um this is the special meeting, the budget committee. We have several items on the agenda today. Um I am without objection gonna take the agenda slightly out of order. Um we will hear item number one, then we will move to items three and four, and then move back to item number two. So for those who are listening, item one is the IRB, items three and four are the operating budget and the capital budget, and then item two is the um ordinance around the um adverb ad velorum tax. So that's just that's where we'll be. All right. So um I'm joining chambers by my vice chair, Councilman Marcus Winkler, joined also in chambers by councilwoman Chapel, Councilwoman Hawkins, Councilman Joseph, Councilman Herndon, Councilman Leninger, joined online by Councilman Owen, Councilman Piagentini, and Councilwoman Parrish Wright. Um I'm watching to see if anyone else comes in.

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