Sunday, May 16, 2010
Budget Special Session
KENTUCKY...
Governor Steve Beshear has proposed a plan to help lawmakers end a stalemate that threatens to shut down many critical areas of Kentucky state government. He is calling the General Assembly into a special session on May 24th to pass a state budget. The Governor said an austere budget is better than no budget at all. The two primary areas of difference between the House and Senate are:
•The levels of education funding; and
•The levels of debt.
The Governor’s proposal relies on no new taxes; maintains certain spending priorities rather than making across-the-board cuts; maintains school instructional days; and authorizes bonds for a limited number of projects to honor prior commitments, address critical needs and create jobs. It is a biennial budget; continues the administration’s efforts to shrink the size of state government; reduces the structural imbalance; and provides a carry-forward in the second year to mitigate deeper cuts. Gov. Beshear noted that his proposal includes all projects the House and Senate budgets had in common during negotiations and offers the lowest amount of General Fund-supported bonds in a biennial budget since 1996.
Governor Steve Beshear has proposed a plan to help lawmakers end a stalemate that threatens to shut down many critical areas of Kentucky state government. He is calling the General Assembly into a special session on May 24th to pass a state budget. The Governor said an austere budget is better than no budget at all. The two primary areas of difference between the House and Senate are:
•The levels of education funding; and
•The levels of debt.
The Governor’s proposal relies on no new taxes; maintains certain spending priorities rather than making across-the-board cuts; maintains school instructional days; and authorizes bonds for a limited number of projects to honor prior commitments, address critical needs and create jobs. It is a biennial budget; continues the administration’s efforts to shrink the size of state government; reduces the structural imbalance; and provides a carry-forward in the second year to mitigate deeper cuts. Gov. Beshear noted that his proposal includes all projects the House and Senate budgets had in common during negotiations and offers the lowest amount of General Fund-supported bonds in a biennial budget since 1996.
# posted by Homer Owens @ 5:15 AM 
