2015 state budget

Government
3:34 pm
Tue January 7, 2014

Kentucky Budget Facing $3.6 Billion Spending Gap

Credit Wikimedia Commons

As lawmakers kick off the inaugural day of the 2014 General Assembly, the scope of the state's dire budgetary situation is coming into focus: Legislators will have to find a way to come up with $3.6 billion to fully fund budget requests from state agencies.

Read more
Government
11:43 am
Mon December 23, 2013

Stumbo: Fully Funding 2015 Spending Priorities Could Exceed $800 Million

Credit LRC Public Information

Kentucky’s budget priorities for 2015 could require nearly $1 billion in revenue that the state doesn’t have. House Speaker Greg Stumbo told a group of business leaders earlier this month that the cost of funding priority issues like education, public employee raises and more could total an estimated $800 million.

 "It would probably be more of a number like seven to eight-hundred million, some would argue larger than that," says Stumbo. "It just depends upon how big a bite of the apple you want to take, but I don't think we can do that."

Stumbo says that it’s unlikely the state will have that money until Kentucky fully recovers from the 2008 recession. But, it’s coming. 

Read more