Things may not be as rosy as they seem at Greater Louisville Inc these days. GLI recently endorsed the Libraries Yes tax increase as worthwhile and beneficial to the community. The group’s president and CEO Joe Reagan has said the 21-member GLI executive committee unanimously decided to make the endorsement. But the Courier-Journal proves not everyone is on-board with the decision.
Bill Stone, a prominent Louisville businessman on GLI’s legislative steering committee, says not everyone supports the endorsement and refers to GLI’s decision as “top-down.” Stone went on to say GLI broke from their policy of opposing new taxes, saying the group’s endorsement doesn’t represent the members of GLI.
As the C-J story loosely points out, many Louisville residents are incensed that the city’s largest corporations won’t be paying the library tax– the very corporations pushing for the increase. State law exempts companies like Churchill Downs, LG&E, Insight Communications and AT&T from local net-profits taxes because they pay “other kinds of state and federal taxes.”
Not exactly a great way to motivate voters if those pushing for the tax won’t have to pay it.