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.