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LOUISVILLE, Ky. (WDRB) -- Louisville Mayor Greg Fischer said 2013 was the year that Louisville's economy turned around and that city government has good momentum right now.
It has been almost three years since Greg Fischer was sworn in as the city's 50th mayor.
Each year around this time the Mayor's office issues an annual report. This year's report was titled "Progress Louisville."
"The word for 2013 is momentum," says the mayor, "the economy turned around; we regained all of the jobs we lost in the recession."
Mayor Fischer also said revenue is up because of returning jobs and that city government is in sound financial shape.
The mayor says there is $61 million in the city's rainy day fund, which amounts to about 12% of the city's total budget.
Mayor Fischer says the city needs more money to pursue capital projects.
Despite what some believe will be an uphill battle, the mayor's number one legislative priority will be to try to get lawmakers to approve a local option sales tax referendum.
This action would allow cities to implement up to a one percent sales tax if local voters approve. The generated funds would be used for specific projects.
Fischer adds, "What people want from Frankfort right now is that they want to focus on jobs, they want to see Republicans and Democrats work together so the local option should be the flagship project; this is a no brainer, this is just saying let people vote>"
Mayor Fischer says polls show that a majority of citizens favor a referendum and that 37 states have similar laws in place.
Mayor Fischer also said that 2013 was the year that the construction of the Ohio River Bridges Project finally got under way.