WAVE 3 Editorial - January 22, 2013: State of the City - wave3.com-Louisville News, Weather & Sports

WAVE 3 Editorial - January 22, 2013: State of the City

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By Ken Selvaggi
WAVE 3 Vice President & General Manager

Louisville Mayor Greg Fischer will have plenty of positives to trumpet this week when he gives the State of the City address.

More Louisville area homes were sold this past year than in any year of the past five years.

The median price of the sold homes was higher than that at any time in the past 10 years.

There were 2,000 more homes sold and 332 more building permits issued last year than the year before. 

Overall, the crime rate is down and tourism is up.

The Louisville athletic program has never shined brighter and the facility facelift and academic growth of the University continues to impress.

The business community has strengthened education partnerships that have translated into positive progress for Jefferson County Public Schools.

Yet all the positives can be negated if Louisville can't get its pension debt lower. Right now, it ranks among the worst in the nation. The debt may soon cripple the ability of the city to deliver basic services. It consumes 15 percent of the general fund budget now, more than double than it did seven years ago.

Relief can only come from the state as it dictates pension policy. We encourage Kentucky legislators to make pension reform a top agenda item in this legislative session.          

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