Monday, January 04, 2010
Beshear Balances State Budget
KENTUCKY....
During a Monday afternoon press conference, Governor Steve Beshear outlined a plan for dealing with Kentucky's projected $108 million shortfall. Beshear says, while most government agencies will face 3% cuts, he was able to avoid slashing funding for education, economic development, health care and public safety. To cover prior cuts, Beshear says he plans to return $30 million to $40 million in excess education funds to the state’s school districts. This is the second time since the fiscal year began in July that he has had to make reductions to this year’s budget, but Beshear says the plan does not include furloughs or lay offs of state workers.
During a Monday afternoon press conference, Governor Steve Beshear outlined a plan for dealing with Kentucky's projected $108 million shortfall. Beshear says, while most government agencies will face 3% cuts, he was able to avoid slashing funding for education, economic development, health care and public safety. To cover prior cuts, Beshear says he plans to return $30 million to $40 million in excess education funds to the state’s school districts. This is the second time since the fiscal year began in July that he has had to make reductions to this year’s budget, but Beshear says the plan does not include furloughs or lay offs of state workers.
# posted by Homer Owens @ 5:52 PM 
