Dedicated Funding for Lexington’s Parks
On November 5th, Lexington residents will have the opportunity to vote for or against a ballot referendum that would create a dedicated fund source for city parks.
of Lexington residents
visit parks
of residents want upgrades to parks and recreation facilities
$123m
in parks capital needs were identified in the Parks Master Plan update
The Capital Funding Gap
The city’s General Fund has historically not delivered on the capital funding needs identified in the Parks Master Plan.
If passed, the parks funding ballot referendum would create a dedicated funding source for parks, ensuring they receive $8 million annually for capital projects without issuing new debt.
For the average homeowner, this translates to an annual investment of about a dollar per week.
Ballot Referendum Outcomes and Accountability
Potential Outcomes
If passed, the parks funding ballot referendum would create a dedicated funding source for parks, ensuring they receive $8 million annually for capital projects without issuing new debt.
If the parks funding ballot referendum does not pass, parks capital funding would vary year-to-year.
Accountability
Per state law, the dedicated parks fund can only be used for parks (KRS 97.590).
Projects would be guided by recommendations in the Parks Master Plan.
There would be full public disclosure on how funds are spent, including an annual public audit.
