Joe Bowen

2012 General Assembly
1:21 pm
Tue March 20, 2012

Debt Bill Hits Block

wikipedia.com

A proposal to cap Kentucky's debt has hit a roadblock in the House.

The House Appropriations and Revenue committee took up Senate Bill 1 today. The bill wouldn't allow the state to accrue debt worth more than six percent of the general fund revenue, but doesn't cap debt in the road fund or most education budgets.

The bill easily sailed through the Senate, a point bill sponsor Senator Joe Bowen made to the House committee.

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