Frankfort, KY – Kentucky Governor Steve Beshear says his administration will soon have a plan together to address a huge, projected state budget shortfall. But he warns, it won't be a cure-all.
It's a temporary solution for this fiscal year. All of the experts seem to indicate that this is not going to end June 30, this economic downturn. We are in this financial crisis for a while. We may well be looking at next year as a worse year than this year.
Once the administration's plan comes together, Beshear will take it to the people. The governor is still considering calling a special session in January to address a projected 456-million dollar shortfall in the state budget. Senate President David Williams agrees something must be done, but he's not sure it will require a special session.