Tuesday, February 02, 2010
Governor Keeps Hope Alive For Expanded Gaming
KENTUCKY...
Kentucky Governor Steve Beshear said Monday evening that every option deserves to be considered as legislative budget writers grapple with a massive shortfall, signaling he hasn't given up on legalizing video slot machines as a revenue source despite long odds.
Beshear met privately with House Democratic leaders for about 45 minutes in his office to discuss the budget. The meeting comes at a time when House leaders are weighing a handful of options to present to rank-and-file members to balance the next two-year budget.
Without the revenue from slots, Beshear has warned that state government would face painfully deep budget cuts in the next two years. The state's general fund has been depleted by the recession, leading to a projected $1.5 billion shortfall over the next two-year budget cycle. That's on top of about $1 billion cut from the current budget.
Kentucky Governor Steve Beshear said Monday evening that every option deserves to be considered as legislative budget writers grapple with a massive shortfall, signaling he hasn't given up on legalizing video slot machines as a revenue source despite long odds.
Beshear met privately with House Democratic leaders for about 45 minutes in his office to discuss the budget. The meeting comes at a time when House leaders are weighing a handful of options to present to rank-and-file members to balance the next two-year budget.
Without the revenue from slots, Beshear has warned that state government would face painfully deep budget cuts in the next two years. The state's general fund has been depleted by the recession, leading to a projected $1.5 billion shortfall over the next two-year budget cycle. That's on top of about $1 billion cut from the current budget.
# posted by Homer Owens @ 11:24 AM 
