Stimulus Bill Approved
Frankfort, KY – Kentucky lawmakers have given final approval to a plan to erase a $1 billion budget shortfall brought on by the ailing economy. Both the House and Senate approved a bill today that applies some $740 million in federal economic stimulus money to the state budget. The remainder of the shortfall will be handled largely through a 2.6 percent cut to government agencies. Governor Steve Beshear is reviewing the bill.