Tuesday, January 26, 2010
Stumbo Seeks Budget Proposals
KENTUCKY....
In hopes of finding a solution to the state's budget shortfall, House Speaker Greg Stumbo has asked budget experts to come up with five different proposals that would include ways to generate revenue but not raise taxes. Stumbo has suggested the possibility of using one-time money, such as cash in local school districts’ rainy day funds, to pay for portions of the state’s education budget...an idea not shared by all. Stumbo proposed this idea before, but it was met with opposition from many House members and school superintendents. House Minority Leader Jeff Hoover (R-Jamestown) says it's unlikely House Democrats would choose to raid school reserve funds.
In hopes of finding a solution to the state's budget shortfall, House Speaker Greg Stumbo has asked budget experts to come up with five different proposals that would include ways to generate revenue but not raise taxes. Stumbo has suggested the possibility of using one-time money, such as cash in local school districts’ rainy day funds, to pay for portions of the state’s education budget...an idea not shared by all. Stumbo proposed this idea before, but it was met with opposition from many House members and school superintendents. House Minority Leader Jeff Hoover (R-Jamestown) says it's unlikely House Democrats would choose to raid school reserve funds.
# posted by Homer Owens @ 7:30 PM 
