Kentucky state budget http://wfpl.org en How the 'Fiscal Cliff' Helped Lead to Kentucky's $91-Million Budget Shortfall http://wfpl.org/post/how-fiscal-cliff-helped-lead-kentuckys-91-million-budget-shortfall <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>A driving factor in&nbsp;<span style="line-height: 1.5;">Kentucky's $91-million budget shortfall</span><span style="line-height: 1.5;">&nbsp;is a decline in a form of income primarily used by the nation’s wealthiest individuals.</span></p><p>In 2012, the U.S. Congress was preparing to take the country over the<a href="/term/fiscal-cliff"> “fiscal cliff”</a> because of rising debt, rising healthcare costs and spending on the wars in Iraq and Afghanistan.</p> Fri, 11 Jul 2014 10:44:47 +0000 Jonathan Meador 9747 at http://wfpl.org How the 'Fiscal Cliff' Helped Lead to Kentucky's $91-Million Budget Shortfall Is Tonight's Kentucky Wildcats-Louisville Cardinals Game Slowing the State Budget Process? http://wfpl.org/post/tonights-kentucky-wildcats-louisville-cardinals-game-slowing-state-budget-process <p>Work on a new Kentucky state budget is slowing in Frankfort—because of a a basketball game.</p><p>Interest in tonight's NCAA Tournament matchup between the Louisville Cardinals and Kentucky Wildcats is the latest delaying factor in an already contentious day.</p><p>With only a handful of days left in the session, lawmakers are behind schedule on passing the only bill they’re required to: A $20.3 billion biennial budget.</p> Fri, 28 Mar 2014 21:40:03 +0000 Jonathan Meador 9004 at http://wfpl.org Is Tonight's Kentucky Wildcats-Louisville Cardinals Game Slowing the State Budget Process? Kentucky's State Budget Outlook Worst in Recent Memory, Report Says http://wfpl.org/post/kentuckys-state-budget-outlook-worst-recent-memory-report-says <p>A survey of Kentucky's economy says lawmakers have a choice between reinvesting in services or making more cuts to government.</p><p>The report says $250 million in additional revenue won’t be enough to meet the state’s most pressing needs. The report was&nbsp;<span style="line-height: 1.5;">&nbsp;released Thursday by the Kentucky Center for Economic Policy.</span></p><p>Director Jason Bailey says this is the worst outlook in recent memory, and lawmakers must find ways to increase revenues to reverse the negative effects of budget cuts.</p> Fri, 03 Jan 2014 11:55:31 +0000 Jonathan Meador 8103 at http://wfpl.org Kentucky's State Budget Outlook Worst in Recent Memory, Report Says Kentucky Revenues Up, But Officials Cautious About Future Growth http://wfpl.org/post/kentucky-revenues-officials-cautious-about-future-growth State officials say Kentucky’s revenue growth through the first six months of the fiscal year has been steady, with receipts climbing almost four percent since the beginning of July.<p> The official revenue forecast calls for growth of 2.4% over the entire fiscal year, but Greg Harkenrider with the Office of State Budget Director says the state’s sales tax receipts are not growing as hoped<p> “It’s flat, flat, flat as it can be. And that concerns me because across the nation, U.S. retail sales havebeen on the increase. Thu, 10 Jan 2013 21:30:02 +0000 Kentucky Public Radio's Stu Johnson 3365 at http://wfpl.org Kentucky Revenues Up, But Officials Cautious About Future Growth