Council approves FY 2020 budget at special-called noon-time meeting

NC GAZETTE / WBRT RADIO
STAFF REPORT

Wednesday, June 26, 2019 — Meeting briefly at a special noon-hour special meeting, the Bardstown City Council gave second and final approval of the city’s Fiscal Year 2020 budget.

The final approval follows the council’s initial approval at Tuesday night’s council meeting, and before the June 30, 2019 deadline.

The Fiscal Year 2020 budget includes $63.99 million in revenues and $62 million in expenses. The budget represents an approximate $7.88 million increase over the current fiscal year’s budget.

In his letter to the council, Mayor Dick Heaton said the increase is due to $14.32 million in capital expenditures, which will include approximately $1.5 million in remodeling the old Newcomb Oil property on KY 245 for use as Fire Station No. 1. Approximately $8 million in capital projects are being carried over to the new fiscal year.

Several of those projects include the replacement of the Rowan Creek Trunk Sewer Main, upgrading the Pottershop Pump Station, and plant improvements at the Town Creek Plant, all of which will be financed through the Kentucky Infrastructure Authority and $1.6 million in grant funding.

Other city projects include expanding the city cable and internet department into parts of the former fire station part of city hall, adding onto the existing public works shop building, and expanding cable TV and internet service to additional areas of the county, and upgrading the current infrastructure.

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