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City Council hears positive end of fiscal year financial report


Hopkinsville, KY, USA / WHOP 1230 AM | News Radio
Jul 20, 2021 | 8:21 PM
Hopkinsville City Council heard a fairly positive end of year financial report at Tuesday’s meeting, showing the city is on track to recover from pandemic impacts.
Chief Financial Officer Robert Martin presented his report, saying the numbers show a good rebound in revenues during fiscal year 2020-2021 the city will end the fiscal year with $12.1 million in available cash balance in the general fund, a sizeable increase from the prior year. ....

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City council approves budget on first-reading


Hopkinsville, KY, USA / WHOP 1230 AM | News Radio
Jun 1, 2021 | 7:01 PM
Hopkinsville City Council approved first reading of a $41.1 million budget for the upcoming fiscal year during Tuesday night’s meeting.
The city will have to spend an additional $600,000 in pension costs in the upcoming budget and city employees would receive a two-percent cost-of-living raise if the plan passes second reading.
There are also expenditures to bring the salaries of some department heads into line with their peers across the state.
Councilmember Jason Bell put forth an amendment to put $50,000 towards the Inner-City REZ budget, saying that initiative could really use the extra funding. ....

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City Council To Consider 2021-2022 Budgets At June Meeting


Hopkinsville City Council will be considering the recommended 2021-2022 operational budget and capital budget next month after getting approval from the Committee of the Whole.
At a special called meeting Thursday night, Mayor Wendell Lynch gave an overview of the $41.2 million operational budget he is recommending, which is an increase of $3.1 million over last year’s budget.
Mayor Lynch said the $3.1 million increase includes pensions, a cost of living adjustment (COLA) for staff, and a department head salary adjustment.
The increase also includes operational costs for the water park, additional inner-city REZ funding and IGNITE projects, along with 8.80 percent payroll tax which will generate a projected revenue of $1.4 million. ....

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