Development News for Danville, Kentucky

City Council Reviews Final Draft of FY27 Budget, Projects Operating Surplus

The city presented the final draft of the fiscal year 27 budget, highlighting a balanced operating budget supported by recurring revenues. The budget includes maintaining budgeted reserves for one-time investments and capital costs, avoiding operational deficits. Total citywide appropriations are set at $73,485,546, with the general fund at $27 million and the utility fund showing a significant increase due to ongoing capital work, including $12 million from the state for the wastewater treatment plant and $6 million for the Clark's Run trunk line. Revised revenues are slightly higher than initially predicted, leading to a projected operating surplus of $195,839. The budget also incorporates cost-of-living and step adjustments for employees, a market rate adjustment for 911 staff, and the hiring of one public works maintenance worker for half a year. A discussion ensued about potentially making the public works position full-time immediately, given the surplus, with a consensus to proceed with this adjustment. The police and fire pension board met and voted to increase monthly contributions by 4% for members, noting the pension is fully funded. The general fund also supports community and shared agencies and economic development initiatives. The budget prioritizes core safety components (police, fire, communications) and basic services (public works, parks), which constitute approximately 80% of the general fund expenditures.