The fire department needs more than $30 million to make repairs to deteriorating firehouses.
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The operating budget passed in a 22-1 vote, and the capital budget for Metro Government passed unanimously.
The zoo is phasing out its elephant exhibit and adding koalas.
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Councilmembers passed the budget in a 23-0, with two abstaining from the vote due to conflict of interest.
Metro Government is in a "greater than expected" place revenue-wise and has an additional $20 million thanks to operations savings and unanticipated revenue growth this year.
Councilman Bill Burns said the city missed a deadline to submit its 2021 budget to the state.
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The loan won't be used to buy new things but could be used to cover current expenses while the city waits for delayed tax revenue.
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The pandemic is expected to hurt the city’s finances by constricting the amount of tax revenue it brings in.
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"He's the wrong man for the job, and we need some significant change at the leadership level of LMPD," Councilman Anthony Piagentini told WDRB News.
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In order to finish up raising the money, the league is sending 4,000 companies a letter urging them to donate.