Hopkinsville Mayor Dan Kemp presented his budget proposal for the upcoming fiscal year at City Hall this morning.
The 30.3 million dollar dollar operational budget includes almost 1.2 million dollars in prior year revenues. Mayor Kemp says all of those prior year dollars likely won't be needed if tax revenues continue to run above projections as they have during the current fiscal year. A surplus of $475,000 is projected when the current year ends next month.
Mayor Kemp says he stands behind his budget proposal and hopes City Council will approve.
A little over $717,000 would be transferred out of the General Fund for the first phase of the Rails to Trails project in the proposed budget, a project that already has $97,000 cash in private donations and about $230,000 pledged over the next five years.
The budget includes no changes in any tax, including the payroll tax, which could cause some controversy. City Council has been divided the last few years on whether to roll back the payroll tax an additional five hundredths of a point after they voted to raise it during the worst part of the recession.
The 2.3 million dollar capital budget includes a $278,000 bond payment on the municipal building project and $140,000 for repairs at the Tie Breaker Family Aquatic Center.
City Council will begin going over the spending plan and likely discussing changes in the coming weeks.