University of Louisville

9:59 am
Tue September 10, 2013

Study: Local Option Sales Tax Would Generate Significant Revenue, but Burden Louisville Taxpayers

A 1-percent local option sales tax would generate $138 million in revenue for the city, but add to an already heavy burden for Louisville taxpayers.

That's according to a study by a University of Louisville research center released Tuesday.

The report conducted by the Urban Studies Institute was paid for with discretionary funds from Republican Councilman Ken Fleming's office earlier this year.

It is the first official examination of the idea, which is being spearheaded by Mayor Greg Fischer as a way to create additional revenue for Metro Government.

Among the chief findings in the 40-page report is that Louisville has the highest income tax rate among its 14 peer cities at about $7,720 for hypothetical family of four with two income earners. The city also has the third-highest overall tax burden when compared to competitor cities property, income and sales taxes combined. 

Fischer has said the local option isn't a tax increase but rather emphasized it's choice for local voters to invest into the community and fund key capital projects. But according to the study, introducing a 1-percent sales tax would bump Louisville up to the second-highest overall taxed city among its peers.

Fleming says he sponsored the study to examine the economic impact and better inform the public, adding its shows the benefits and pitfalls of the plan.

"This study does a really good job at taking an objective point of view and looking at data that provides both the pros and cons of what we're trying to do," he says. "We should have had this debate last year or two years ago, and we need to have it now to understand where we are economically."

Among the benefits of a local option outlined in the study is it help diversifies the city's revenue stream, which is limited to occupational, insurance premiums and property taxes.

The study says due to Louisville's position as a retail shopping and entertainment center a local option could shift a sizeable percentage of the sales taxes those who live outside the county. The effect could mean residents would enjoy economic windfalls for infrastructure or other capitol projects at a reduced tax price.

And depending on the economy, it estimates anywhere from $140 million to $160 million in projected revenue, which is nearly twice as much as the $95 million a year that Fischer's office estimated.

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Local News
11:30 am
Fri September 6, 2013

Norton Healthcare Sues University of Louisville in Kosair Children's Hospital Dispute

Kosair Children's Hospital
Credit Joseph Lord/WFPL News

Norton Healthcare is challenging in court the University of Louisville's legal right to evict the healthcare system from the Kosair Children's Hospital property.

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Local News
1:47 pm
Wed September 4, 2013

IRS: U of L Official Defrauded School, Medical Practices; Losses May Exceed $2 Million

The Internal Revenue Service says the executive director of a medical department at the University of Louisville wrote checks to himself possibly in excess of $2 million since 2007. 

Perry "Chad" Vaughn, who oversaw the school's Department of Family & Geriatric Medicine, is due in federal court on Monday after federal prosecutors obtained a preliminary injunction to prevent him from spending any of the funds.

The IRS says the money came from the department and affiliated medical practices. 

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Local News
10:45 am
Fri August 30, 2013

U of L Offers To Extend 30 Day 'Demand Letter' If Norton Healthcare Negotiates Contract

Credit Google Maps

Officials with the University of Louisville say they're willing to extend the 30 day deadline for Norton Healthcare to respond to a list of demands the university is requesting following the announcement of a partnership between Norton and UK Healthcare.

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Local News
3:47 pm
Wed August 28, 2013

GE Exhibit Envisioning High-Tech Home of 2025 Coming to a Close

The designs include a kitchen counter/appliance unit that can be moved outside

There are just a few days left to visit a downtown exhibit that envisions a high-tech home in the year 2025.

The illustrative panels were put together by teams of designers at General Electric’s Appliance Park.

GE Industrial designer Chris Bissig says there are many innovative ideas  highlighted in the exhibit at U of L’s Cressman Center, including a washer/dryer that turns the clean clothes into pellets for storage.

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Local News
2:07 pm
Wed August 28, 2013

Norton Healthcare, University of Louisville Trade Barbs Over Kosair Children's Hospital Plan

Credit Google Maps

Updated: Norton Healthcare officials have responded to allegations that they're breaching a land-lease agreement by partnering with UK Healthcare.

Last week, Norton and UK officials announced the intent to jointly run Kosair Children's Hospital in Louisville to improve pediatric care in the state. The University of Louisville is also a partner there and U of L officials say they've been trying to create a long-term agreement with Norton for the past several years.

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Local News
7:26 pm
Tue August 27, 2013

U of L Says Norton Healthcare Must End Agreement on Kosair Children's Hospital with UK

Credit Google Maps

The University of Louisville is giving Norton Healthcare 30 days to back out of an agreement with the University of Kentucky to jointly operate Kosair Children's Hospital.

Norton announced the partnership last week, saying it wanted to strengthen pediatric care in the commonwealth. This surprised U of L officials, who have also been trying to negotiate a similar contract with Norton.

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Local News
3:02 pm
Fri August 23, 2013

University of Louisville Blasts Planned Collaboration Between Children's Hospitals

Credit Google Maps

The University of Louisville is blasting a plan for Kosair Children's Hospital and the Kentucky Children's Hospital in Lexington to "join forces."

Kosair Children's—run by Norton Healthcare—and the UK HealthCare-operated Kentucky Children's Hospital announced late Thursday that their leaders had signed a letter of intent to be jointly operated but remain independent through a new collaboration.

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7:12 am
Sun August 18, 2013

Lt. Gov. Jerry Abramson: 'Never Say Never' to Future Campaigns

Steve Beshear and Jerry Abramson
Credit File photo

Jerry Abramson has announced that he won't run for Kentucky governor in 2015, but he says he isn't necessarily done with electoral politics.

“You never know what kind of situation might change, what kind of situations might be different in the future than they are today," says Abramson, the lieutenant governor and former Louisville mayor.

"You never say never.”

Abramson didn't identify any particular office he's eyeing.

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Local News
4:28 pm
Tue June 25, 2013

Rauch Planetarium to Unveil New Projection System

Rauch Planetarium

The University of Louisville’s Rauch Planetarium will reopen this Saturday with an upgraded projection system.

The planetarium has been closed for a month to allow for the installation of the $215,000 digital system.

Director Tom Tretter says audiences will now get a 360-degree visual experience when watching shows under the planetarium’s 55-foot dome.

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