Tuesday, June 01, 2010
Budget Bill Goes To Governor
KENTUCKY...
A two-year, $17.1 billion spending plan is heading to the governor’s desk following final legislative passage, staving off a potential shutdown of much of state government on July 1. The main difference between the two chambers, funding for the state’s schools most in need of replacement, was solved, clearing the way for passage. Under the final plan, the state will match funding for local school districts that levy a “second nickel,” or 5 cents per $100 in property value. The money would only be available for Category 5 schools, the facilities in the worst shape. The plan includes no new taxes and limits the amount of general fund bonding to around $437 million.
A two-year, $17.1 billion spending plan is heading to the governor’s desk following final legislative passage, staving off a potential shutdown of much of state government on July 1. The main difference between the two chambers, funding for the state’s schools most in need of replacement, was solved, clearing the way for passage. Under the final plan, the state will match funding for local school districts that levy a “second nickel,” or 5 cents per $100 in property value. The money would only be available for Category 5 schools, the facilities in the worst shape. The plan includes no new taxes and limits the amount of general fund bonding to around $437 million.
# posted by Homer Owens @ 9:07 AM 
