john chilton Economists to Give First Glimpse of Projected 2018 Shortfall By The Associated Press • Aug 11, 2017 Konstantin Fedin/123rf Stock Photo Kentucky taxpayers could face a budget shortfall of more than $200 million. State economists issued their first planning estimates for the current fiscal year on Friday. State Budget Director: New Fiscal Year Brings ‘Formidable’ Revenue Expectations By Ryland Barton • Jul 31, 2017 Alexey Stiop/123rf Stock Photo A revenue shortfall during Kentucky’s recently completed fiscal year means the state will have to make more money over the next year in order to meet expectations, state budget officials say. Kentucky’s Credit Rating Downgraded, Citing Pension And Revenue Woes By Ryland Barton • Jul 25, 2017 Sergey Kuzmin, 123rf stock photo Moody’s has downgraded Kentucky’s credit rating because of the low funding level of the state’s pension systems and lackluster revenue gleaned from taxes. Bevin Administration Orders 1% Cut to State Agencies to Help Avoid Shortfall By The Associated Press • May 31, 2017 Sergey Kuzmin, 123rf stock photo Kentucky's state agencies will cut 1% from their budgets to help avoid a $113 million shortfall. Report Reveals How Funding Shortfall Could Put Kentucky Pension Systems at Risk By Sydni Anderson • May 22, 2017 Sergey Kuzmin, 123rf stock photo A financial consultation company Monday presented a report to the Public Pension Oversight Board describing how Kentucky’s pension systems became the worst funded systems in the United States. 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’s General Fund Receipts Up 4.8% in July By The Associated Press & Rob Canning • Aug 10, 2016 Sergey Kuzmin, 123rf Stock Photo Kentucky Budget Director John Chilton says the Commonwealth’s tax collections in July were up nearly 5 percent from a year ago. Kentucky Sales and Tax Revenue Fuel General Fund Growth in Past Year By The Associated Press • Aug 2, 2016 Sergey Kuzmin, 123rf Stock Photo State budget officials say tax collections for Kentucky’s General Fund grew by nearly 4% in the past fiscal year, fueled by strong sales and individual income tax receipts. State Budget Director Defends Bevin’s Proposed Cuts By Ryland Barton • Feb 23, 2016 Jacob Ryan-WFPL/Kentucky Public Radio Gov. Matt Bevin’s top budget aide on Monday said spending cuts are necessary to start improving the status of the state’s ailing pension systems. Governor’s Higher Ed Budget Cuts Come Under Review in State House Committee By Stu Johnson (KPR) • Feb 5, 2016 Seifler, Wikimedia Commons Governor Matt Bevin’s proposed higher education cuts came under review during a house budget subcommittee meeting Thursday. The governor is suggesting trimming university budgets by nine percent over the next two years.