Budget

Wikimedia Commons, Public Domain

Kentucky House and Senate conferees are beginning to work toward reaching agreement on a 21 billion dollar budget. In addition to decisions about funding for education, social services, and corrections, budget language will also be discussed.  

Kentucky Senate, courtesy Commonwealth of Kentucky

First it was Kentucky Gov. Matt Bevin, then it was the House, and now it’s the Senate’s turn to weigh in on how to spend the state’s money over the next two years.  

Senate President Robert Stivers says he wants his chamber to vote on a budget Tuesday or Wednesday. 

LRC Public Information

Kentucky House Republicans unveiled their budget proposal Tuesday. The house GOP strategy seeks to modify Governor Bevin’s suggested two-year spending plan. 

Fredddie, Wikimedia Commons, Public Domain

Despite Governor Matt Bevin’s plans for wide ranging cuts to the state budget, expansion may be on the horizon for U.S. Highway 641 South in Calloway County. 

iStockPhoto

A Jefferson County Public Schools teacher has filed a lawsuit against the Kentucky Teachers’ Retirement System over its lack of funding. Plaintiff and DuPont Manual High School teacher Randolph Wieck says the system that supports over 140,000 teachers in Kentucky is at least $20 billion dollars in debt.

“We have raced to the bottom and we’re neck and neck with the worst funded teachers plan in the country,” Wieck said.

Recent state revenue receipts show that Kentucky’s real income is falling short of projections and will lead to a multi-million dollar budget shortfall.

Lower-than-predicted coal severance taxes, property taxes, road fund receipts and more have the state facing a nearly $28 million shortfall by the end of the fiscal year.

Lance Dennee / WKMS

More revenue is allowing Paducah city officials to increase their budgets and consider some city updates.

Commissioner Carol Gault says this week’s budget workshop shows that the economy is slowly rebounding with a nearly four percent rise in revenue.

wikipedia.com

The McCracken County Fiscal Court voted on the first reading of a 2014-2015 budget Monday that totals $32m, including over $6m  for the McCracken County Jail. The jail has a large number of employees and houses more than 450 inmates. 

House Gives Final Passage to $20.3 Billion State Budget

Apr 1, 2014

FRANKFORT—After a marathon negotiation session this weekend, the Kentucky General Assembly gave speedy passage to a slew of budget bills that gave raises to judicial employees and restored funding for K-12 education while also reducing safety inspections for mines and possibly prohibiting the commonwealth from funding local implementation of the Affordable Care Act.

House Speaker Greg Stumbo praised the Senate for its willingness to compromise with his chamber, and called the process — including the 14-hour closed-door session of budget talks this weekend — “democracy in its purest form.”

“You saw people of different convictions, different ways to view things," Stumbo said. "It was democracy in its purest form. But it worked. And that’s what made, to me, all these years here worth spending.”

LRC Public Information

Kentucky lawmakers have a month remaining in the 2014 legislative session, and in that time they must pass a new state budget.

The House Appropriations and Revenue Committee has approved a series of bills, including a modified version of the governor's proposed $20.3 billion, two-year budget.

Pages