State pension could bring $5-million to Louisville - WDRB 41 Louisville News

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.

"We have some money as a result of this pension change that will provide an opportunity to invest in some of things we were unable to invest in and so I laid it out, mostly capital, mostly roads and curbs and parks," said Mayor Abramson.

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.

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