Sunday, March 21, 2010
Miscalculation In Recently Passed Budget
KENTUCKY...
Representative Rick Rand (D-Bedford), the chairman of the House budget committee says the budget passed by the state House and now before the Senate may be out of balance by $100 million. Rand says the problem, which was pointed out by the Beshear administration, was a miscalculation of the state's cost for public employee health insurance. He says his staff believes an additional $28 million needs to be added to each of the budget's two years to fund the state's contributions for public employee health insurance. Rand says the Senate has been informed of the miscalculation, but is not sure whether they will have enough time to address it. If not, it will be addressed in the conference committee. House Speaker Greg Stumbo (D-Prestonsburg) has called it a $20 million-plus hole and says addressing the issue is an additional reason for the conference committee to get to work on the final budget bill as soon as possible.
Representative Rick Rand (D-Bedford), the chairman of the House budget committee says the budget passed by the state House and now before the Senate may be out of balance by $100 million. Rand says the problem, which was pointed out by the Beshear administration, was a miscalculation of the state's cost for public employee health insurance. He says his staff believes an additional $28 million needs to be added to each of the budget's two years to fund the state's contributions for public employee health insurance. Rand says the Senate has been informed of the miscalculation, but is not sure whether they will have enough time to address it. If not, it will be addressed in the conference committee. House Speaker Greg Stumbo (D-Prestonsburg) has called it a $20 million-plus hole and says addressing the issue is an additional reason for the conference committee to get to work on the final budget bill as soon as possible.
# posted by Homer Owens @ 8:27 AM 
