January 24, 2012 - 10:00pm
"There have been some cities that declared bankruptcy. There are others that are teetering on the edge of bankruptcy. We are not going to allow that to happen her in our city. So we have to take action."
Louisville’s new mayor, Greg Fischer, released a report today, indicating that taxpayers spend nearly $14 million a year on unplanned overtime pay for city workers; some of which can be reduced with better management and long-term changes to union contracts. This is significant, since...
December 8, 2011 - 9:00am
Local news for Dec. 8, 2011
"The Louisville-based parent of such companies as Kentucky Fried Chicken and Taco Bell [Yum! Brands] paid no net corporate income taxes to states over the past three years, even as it generated more than a billion dollars in profits for shareholders, according to a new report.
December 7, 2011 - 6:26pm
“There are instances in which overtime is scheduled and absolutely necessary to keep our city functioning, but unfortunately it seems as though overtime pay is, at the very least, overused and, at worst, abused.”
Louisville Mayor Greg Fischer recently learned that three city employees have earned more than $50,000 in overtime pay this year alone. Saying he’s concerned that overtime pay is unnecessarily costing taxpayers millions of dollars each year, Mayor Fischer today ordered a citywide review...