Is he daft?
Fischer Says Restaurant Tax ‘Easiest’ Option For Covering Pension Obligation, by Amina Elahi (WFPL)
Louisville Mayor Greg Fischer said budget talks are already underway and will pick up in earnest in the new year. City leaders will again need to contend with a large pension bill that is expected to grow another $10 million in the fiscal year starting in July. The question is whether they will turn to cuts for a second year in a row, or successfully raise taxes instead.
The easiest option would be a 3% restaurant tax, which could cover most of the city’s pension costs for the next few years, Fischer said in a year-end interview with WFPL. That move would require authorization by state legislators, which he said would be easy to do. It wouldn’t need a Constitutional amendment, and smaller cities already have the power to implement it.
“I pray for that,” Fischer said. “And we’ll, we’ll see if that happens.”
Short of that, he said the Metro Council may need to reconsider the insurance premium tax they voted down last spring. Fischer said it’s the only real option they have for increasing taxes without state approval. And he said public backlash to cuts that resulted from that vote may encourage Council members to reevaluate …