Louisville’s Fourth of July celebration goes on this year, despite having to cut its budget by a third. The event is still free, and runs today (Friday) and tomorrow Saturday on the waterfront.Mayor Jerry Abramson says even though it has a smaller budget, the festival still has the elements that matter.“A celebration not only of our country’s freedom, but also a celebration for families all coming together to enjoy and be energized by the music and the huge fireworks display," says Abramson.The two-day event’s budget is about $200,000. Officials are expecting about 150,000 people to attend this year.