Budget Shortfall State Budget Director Predicts $113 Million Revenue Shortfall By Ryland Barton • May 2, 2017 Alexey Stiop, 123rf stock photo State budget director John Chilton says Kentucky is on track to take in $113.2 million less than predicted by the time the fiscal year ends on June 30, meaning Gov. Matt Bevin might have to take emergency actions to balance the state budget. Kentucky Revenues Up Amid Greater Demands in Next Budget By Lisa Autry (KPR) • Apr 21, 2015 Jody Richards/Facebook Pointing to strong tax collections, state budget officials say Kentucky will likely avoid another budget shortfall. Revenues are expected to increase more than 3 percent in the budget year that ends June 30. Beshear Cuts Budget to Balance $90.9-Million Kentucky Budget Shortfall By Jonathan Meador • Jul 17, 2014 Gov. Steve Beshear issued a pair of executive orders this week reducing state spending levels to plug a $90.9-million hole in Kentucky's budget.