The Paducah Board of Commissioners approved an ordinance to adopt the Fiscal Year 2019-2020 City of Paducah Budget, a balanced budget. The City’s fiscal year runs from July 1, 2019 through June 30, 2020. In addition to meetings among the City Manager, Department Directors, and the Finance Department, the Paducah Board of Commissioners participated in a budget workshop on May 15.
The majority of the operating expenses for the City of Paducah are funded through the General Fund which is outlined to have $35,973,950 in expenditures during the upcoming fiscal year. This is a 1.8 percent increase as compared to Fiscal Year 2018-2019’s General Fund expenditures of $35,343,845. The budget ordinance also outlines the City’s 22 funds which cover operations, capital outlays, and the State-mandated 12 percent increase in pension contributions. The Fiscal Year 2019-2020 Budget Book will be placed on the City of Paducah website within the next few weeks. To view the current year’s budget and budget information dating back to 2005, visit http://paducahky.gov/city-budget.
The Paducah Board of Commissioners approved an ordinance to transfer $750,000 from the General Fund Reserve for the Ohio River Shoreline Reconstruction Project (the floodwall project). The City and the U.S. Army Corps of Engineers have an agreement on this more than $32 million project with the City responsible for 35 percent of the cost through a combination of in-kind and cash contributions. The cash contribution must be 5 percent of the total authorized project cost. This $750,000 is a portion of the required cash match which will be paid to the Corps.
The Paducah Board of Commissioners approved a joint resolution supporting and upholding the partnership between the City and McCracken County in support of the City's application to the U.S. Department of Transportation for a Better Utilizing Investments to Leverage Development (BUILD) Grant. The City is partnering with the Paducah-McCracken County Riverport Authority for the grant. The project includes the construction of a riverport container transfer yard, riverboat excursion pier and plaza, bike/pedestrian/broadband linkages form the Convention Center to the riverfront, and improvements to Paducah Landing, the area once occupied by the Executive Inn hotel. Commissioner Sandra Wilson said, “The grant’s very, very competitive. But you can’t get it if you don’t ask for it.”
The Paducah Board of Commissioners approved two ordinances related to the sublease agreements for Seamen’s Church Institute of New York and New Jersey, Inc. Seamen’s Church leases the property located at 129 South Water Street from the City of Paducah and operates its Center for Maritime Education, a maritime training school and simulator facility. The first ordinance is for Seamen’s Church to sublease a portion of its unused space to The Waterways Journal. The second ordinance is for Seamen’s Church to sublease unused space to the American Bureau of Shipping.
Everyone is invited to attend a networking event to celebrate the launch of the Customer Experience Department and the New Day Initiatives. The event will be Friday, June 28 starting at 2:30 p.m. at City Hall. After a brief presentation at 2:45 p.m. explaining the development of the Customer Experience Department and the New Day Initiatives, everyone is encouraged to enjoy an afternoon at City Hall with ice cream, music, mini golf, and giveaway prizes.