LEXINGTON, Ky. (WKYT) The city of Lexington has a more than seven million dollar surplus but Urban County Council Members can't agree on what to do with the money.
Some want to put it all in the city's rainy-day fund but others want to divide part of the surplus up among the city's council districts for projects.
On Thursday, the Urban County Council met to discuss how much money, if any, should be taken out of Lexington’s $7.6 million surplus and what should that money be used for.
At Thursday’s meeting, Council Member Chris Ford led the first reading of a proposal that would give each of the 15 council members $150,000 to be used on projects in their respective districts.
“The council is still very committed to make sure we reinvest in our neighborhoods and our communities but we also recognize that we have to balance with the overall financial well being of the city,” Chris Ford said.
If the amendment passes, some council members want to spend the surplus money on improving public safety concerns like the Reynolds Road roundabout, while others would invest it in the city's streets, trails and parks.
“We want to do things that will benefit our park system, because our parks in the 1st district are the hub of activity,” Ford said.
Jennifer Scutchfield is one of the four council members who voted no to the proposal on Thursday. she says the city needs to be financially responsible by keeping the surplus in the general fund.
“We need to prioritize and finish the projects we have already started and get those done and move forward thinking about the big picture,” Scutchfield said.
The second reading of this amendment will be held in two weeks on September 26th.