Council to hear forecast projecting slower tax revenue growth
Lexington's payroll growth is expected to grow at a slower rate over the coming years, likely impacting the city's ability to create new positions and recurring programs.
Economic growth strategies and business development initiatives. In Lexington, this covers economic incentives, business attraction efforts, workforce development, and regional collaboration on economic opportunities.
The district would generate an estimated $2.1 million annually for tourism marketing and destination development via a 2% fee on hotel rooms in the district.
The Blue Sky Activity Center is an industrial area off Athens-Boonesboro near I-75. It was brought into the Urban Service Area in 2024, and is being planned for redevelopment.
Changes include regulating projects with housing incorporated, as well as expanding where in Lexington eligible projects can be located
The Authority was created in 2024 to support economic development projects for Fayette, Scott, and Madison Counties.
What would it take to make Lexington's tech economy stronger? Council will hear about ways to make that happen this week.