Wednesday, January 13, 2010
Governor Suggests State Yard Sale
KENTUCKY...
Gov. Steve Beshear wants to sell state-owned planes, vehicles and other property to generate money for Kentucky's shrinking budget. Beshear said he and key members of his administration also will take 10 percent salary reductions this year, just as they did in 2009. The economic recession has hit the state's general fund hard, leading to a projected $1.5 billion shortfall over the next two-year budget cycle. That's on top of $1 billion that has been cut from the current budget. Beshear said he opposes broad-based tax increases to generate more revenue, saying he fears that could drive the state farther into recession. He said Wednesday he still is open to the possibility of expanded gambling as a means to generate $200 million to $300 million a year in new revenue.
Gov. Steve Beshear wants to sell state-owned planes, vehicles and other property to generate money for Kentucky's shrinking budget. Beshear said he and key members of his administration also will take 10 percent salary reductions this year, just as they did in 2009. The economic recession has hit the state's general fund hard, leading to a projected $1.5 billion shortfall over the next two-year budget cycle. That's on top of $1 billion that has been cut from the current budget. Beshear said he opposes broad-based tax increases to generate more revenue, saying he fears that could drive the state farther into recession. He said Wednesday he still is open to the possibility of expanded gambling as a means to generate $200 million to $300 million a year in new revenue.
# posted by Homer Owens @ 12:08 PM 
