Louisville Metro Council’s proposed amendments to next year’s budget include cuts to affordable housing and increased spending on public parks.
Metro Council has spent the past two months digging into Mayor Craig Greenberg’s proposed budget for fiscal year 2026, which goes into effect July 1. The council’s Budget Committee released its list of dozens of changes this week ahead of a final vote on Thursday night.
One of the largest proposed changes is a $2.5 million cut to what Greenberg wanted to allocate to the Affordable Housing Trust Fund. Created by city officials in 2007, the trust fund provides loans and grants to affordable housing developers. Metro Council’s proposal is to drop next year’s funding to $12.5 million, versus the $15 million the fund got this year…