Lexington Mayor Proposes Largest Budget in City History
In a landmark announcement, Lexington Mayor Linda Gorton recently presented a budget proposal for the upcoming fiscal year, with a whopping figure of $531.8 million. By featuring a 5% increase from the current fiscal budget of $505 million, this proposal sets a record for the city’s largest budget ever.
Addressing the City’s Needs
Mayor Gorton emphasized that the proposed budget is designed to address the pressing needs of the city and not mere wants. One of the primary concerns addressed in this proposal is the need for a second senior center. The proposed budget sets aside $24 million for building a new facility at Shilito Park off of Reynolds Road, supplementing the existing center which opened its doors in 2016 along Richmond Road.
“We are cognizant of the last census results that show 25% of our population in Fayette County being 55 years old or older, a significant portion of our community,” said Mayor Gorton. She also highlighted the ongoing success of the present senior center which serves around 1,200 people monthly.
Furthermore, the budget proposal includes plans for a therapeutic recreation facility designed to assist those with disabilities. “This segment within our community has unique needs that we aim to address more effectively, improving the quality of life for everyone in Lexington,” Gorton added.
Public Safety and Homeless Intervention
Over half of the proposed budget is directed towards enhancing public safety through funding for the police department, fire services, and emergency medical services. In a significant step towards social equity, the budget allocation for the office of homelessness prevention and intervention is set to double, reaching $1.4 million.
Jeff Herron, manager of homelessness prevention, expressed his enthusiasm about the bolstered budget. With the increased allocation, they aim to augment their street outreach programs and invest in innovative projects to tackle homelessness in the city. Essential services such as winter warming shelters for homeless individuals will also stand to benefit from this budgetary boost, with a targeted allocation of $2 million.
Fiscal Balance and Economic Development
Despite the magnitude of the proposed budget, Mayor Gorton reiterated that it introduces no additional burden to Lexington taxpayers. “Our strong local economy and robust revenues enable us to expand our services without the need for higher taxes,” she explained.
The proposed budget also includes $2.1 million for developing a regional industrial park in collaboration with Scott and Madison counties, set to create job opportunities and boost overall economic growth.
What’s Next?
The full council is now responsible for scrutinizing and making any necessary changes to the proposed budget. They have until the end of June 2024 to finalize it.