Kentucky budget http://wfpl.org en Kentucky Senate Passes Budget Plan That Differs From House Version http://wfpl.org/post/kentucky-senate-passes-budget-plan-differs-house-version <p>The Kentucky Senate passed its version of a two-year $20-billion budget. The lengthy document will end up in a House-Senate Conference Committee where a key House leader expects successful passage this session.</p><p>The Democratic-led House and the Republican-led Senate&nbsp;have budgets that differ in a number of areas. The senate plan restores funding for higher education, but cuts out most projects, including those on university campuses.&nbsp;</p> Tue, 25 Mar 2014 10:56:52 +0000 Stu Johnson | Kentucky Public Radio 8965 at http://wfpl.org Kentucky Senate Passes Budget Plan That Differs From House Version Kentucky House Committee Approves Budget Plan, 'Virtually the Same' as Gov. Steve Beshear's Proposal http://wfpl.org/post/kentucky-house-committee-approves-budget-plan-virtually-same-gov-steve-beshears-proposal <p>Kentucky lawmakers have a month remaining in the 2014 legislative session, and in that time they must pass a new state budget.</p><p>The House Appropriations and Revenue Committee has approved a series of bills, including a modified version of the governor's proposed $20.3 billion, two-year budget.</p><p>Committee Chair Rick Rand says his chamber’s version is “virtually the same” as<a href="/post/kentucky-gov-steve-beshear-budget-preserves-k-12-education-5-cuts-most-agencies"> Gov. Steve&nbsp;Beshear's draft.</a></p> Wed, 12 Mar 2014 00:08:04 +0000 Jonathan Meador 8841 at http://wfpl.org Kentucky House Committee Approves Budget Plan, 'Virtually the Same' as Gov. Steve Beshear's Proposal House Speaker Greg Stumbo: Kentucky Facing Gap in Funds and What Needs Funding http://wfpl.org/post/house-speaker-greg-stumbo-kentucky-facing-gap-funds-and-what-needs-funding <p>Kentucky’s budget priorities may require some $800 million in revenue the state doesn’t have.</p><p>The gap between what the state needs to spend to maintain the status quo and how much it’s bringing in will be a point of contention for lawmakers and state agencies.</p><p>House Speaker Greg Stumbo told a group of business leaders this month that the spending deficit could exceed $800 million.</p><p>And he says that it’s unlikely the state will have that money until Kentucky fully recovers from the 2008 recession. But, it’s coming.</p> Wed, 25 Dec 2013 21:00:00 +0000 Jonathan Meador 8020 at http://wfpl.org House Speaker Greg Stumbo: Kentucky Facing Gap in Funds and What Needs Funding Kentucky's General Fund Expected to Grow 2.5 Percent Over Next 2 Fiscal Years http://wfpl.org/post/kentuckys-general-fund-expected-grow-25-percent-over-next-2-fiscal-years <p>A panel of nonpartisan economists reports that Kentucky’s General Fund is expected to grow by just over 2.5 percent over the next two fiscal years.</p><p>That'll bring in about half a billion dollars. But in next year's budget, half of that will likely go toward pension payments, inflation on medical care costs and paying down nearly $160 million of a structural budget deficit.</p> Fri, 20 Dec 2013 15:00:00 +0000 Jonathan Meador 7966 at http://wfpl.org Kentucky's General Fund Expected to Grow 2.5 Percent Over Next 2 Fiscal Years