It seems like every week we hear of new states, counties, and cities suffering from financial woes. Lexington, Kentucky has not been immune to these budget struggles.
In an attempt to remedy these problems, newly installed Lexington mayor Jim Gray unveiled an ambitious budget plan that eliminates 28 jobs, closes two pools and a golf course, and hits the pause button on his salary for six months. In total, there are $27 million in spending cuts. The reasoning behind this? Revenue is flat and spending must be curbed. Gray calls this a “businessman’s budget”.
Tough decisions made in tough times.
The ball is now in the court of the Lexington-Fayette Urban County Council to review and debate the budget plan.