state budget

State Debt
4:23 pm
Wed February 22, 2012

Lawmakers Promote Bill Capping State Debt

Kentucky lawmakers are once again ready to approve a bill capping the state's debt at six percent of revenues.

The issue has been in and out of committee multiple times this session. It started as a constitutional amendment, then changed to a regular bill. And state Senators have renamed the measure to show their commitment to it. It is now called Senate Bill 1.

Currently, Kentucky is just over the six percent debt-to-revenue ratio, and bill sponsor Joe Bowen says the bill is a safeguard.

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