shortfall

Business
2:50 pm
Thu July 17, 2014

Kentucky's $91 Million Shortfall Explained

Credit Seifler, Wikimedia Commons

Update: Beshear Cuts Budget to Balance $90.9-Million Kentucky Budget Shortfall

Kentucky Governor Steve Beshear signed a budget reduction order Wednesday, announcing that there would be a $21 million dollar transfer from reserves bringing the state's rainy day fund to $77 million. Murray State Distinguished Professor of Economics Dr. Jim McCoy serves on the Kentucky Consensus Forecast Group. He puts in perspective  the origins, anomalies, and implications of the Commonwealth's $91 million shortfall during Sounds Good.

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Government
8:25 am
Fri March 2, 2012

State House Budget Vote

The Kentucky House is expected to vote on an austere state budget by the middle of next week.  Speaker Greg Stumbo says he doesn't expect a lot of changes to Governor Steve Beshear's original budget proposal. The governor's $19.5 billion, two-year budget proposal includes 8.4 percent cuts to most state agencies. The House Appropriations and Revenue Committee vote is expected Tuesday.