State pension could bring $5-million to Louisville
Louisville's mayor calls it a one-time $5-million windfall. Mayor Abramson sent a letter to council president Jim King, saying proposed changes in the state's pension system should mean an extra $5-million for the city.
The money comes as a result of a one-time decrease in the contribution the city pays into the state's pension plan.
The mayor wants to save $2-million and spend $3-million on what he calls pressing needs.
State lawmakers meet next week to act on proposed reforms in the pension sytem.
The Metro Council also votes on the mayor's budget next week.