budget

Education
2:44 pm
Tue January 28, 2014

Beshear's Budget Supports 'Commonwealth College' to Help Working Adults Finish Degrees

Credit Shutterstock.com

Working adults in Kentucky could soon have another option for completing their college degrees.

That option is called the Commonwealth College, which would be an online program that would allow students to complete work at their own pace. 

Although Gov.  Steve Beshear’s latest budget proposal cut higher education by 2.5 percent, or $23 million, there were some bright spots for public colleges and universities.

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Environment
3:43 pm
Wed January 22, 2014

Gov. Steve Beshear's Budget Cuts Deep for Some Kentucky Energy and Environment Programs

Steve Beshear
Credit Rae Hodge/Kentucky Public Radio

Some departments of the Kentucky’s Energy and Environment Cabinet will see deep cuts over the next two years, if the General Assembly approves Gov. Steve Beshear’s proposed budget.

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Education
4:30 pm
Fri January 17, 2014

Kentucky's Higher Education Leadership Wants Money, Official 'Less Confident' It Will Be Received

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Kentucky state university presidents have signed a letter requesting more money for higher education, but one leading official is "less confident" it will receive attention this budget session.

The letter, sent to state legislators, was signed by all eight state university presidents and the community and technical college system president.

(Read the letter here)

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Education
8:59 pm
Mon January 13, 2014

JCPS Drafts 'Preliminary' Budget, But Must Wait For State Action

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The Jefferson County school board got its first look at next year's budget Monday, but state funding and results of an unfinished audit will likely force the district to make changes before it receives final approval in the fall.

“I think we’re being very optimistic,” says Cordelia Hardin, the chief financial officer who has helped craft over two dozen dozen budgets.

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Politics
6:55 am
Fri January 3, 2014

Kentucky's State Budget Outlook Worst in Recent Memory, Report Says

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A survey of Kentucky's economy says lawmakers have a choice between reinvesting in services or making more cuts to government.

The report says $250 million in additional revenue won’t be enough to meet the state’s most pressing needs. The report was  released Thursday by the Kentucky Center for Economic Policy.

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.

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Local News
9:49 am
Tue December 17, 2013

Kentucky's Next Budget May Have $450 Million Shortfall

Greg Stumbo
Credit Rae Hodge/Kentucky Public Radio

New revenue in Kentucky’s upcoming biennial budget will not be enough to account for an estimated $450 million shortfall.

Lawmakers expect about $230 million in new revenue to be available for the budget. But House Speaker Greg Stumbo recently told a group of Kentucky’s top business leaders that more than half of that money will be used to pay down the state’s pension debt.

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Local News
4:04 pm
Tue September 25, 2012

Fischer, Other Mayors Push Congress for Action on Fiscal Cliff

Spending Cuts
The Committee For A Responsible Federal Budget Lam Thuy Vo / NPR

Louisville Mayor Greg Fischer is among several municipal leaders from across the country pushing Congress to act now to address the upcoming fiscal cliff.

Several measures will take effect or expire at the end of the year, and if Congress doesn't act, $100 billion in spending cuts and $380 billion in tax increases will hit simultaneously. The U.S. Conference of Mayors, of which Fischer is a member, has sent congressional leadership a letter urging them to act.

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Environment
3:17 pm
Thu September 6, 2012

Lull in Mining Means $88 Million Less in Revenue

A slowdown in Kentucky's mining industry is causing financial problems. Diminished severance tax revenue could force some planned construction projects in the coalfields to be postponed.

Revenue from the state's coal severance tax is plummeting, with mines shutting down and miners being laid off.

Deputy State Budget Director John Hicks told lawmakers today that coal tax revenue is projected at $245 million this year. That's $88 million less than was expected when lawmakers passed the budget less than five months ago.

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Arts and Humanities
3:29 pm
Mon August 27, 2012

Opera Ends Another Year in the Black

The Kentucky Opera announced today that the organization ended the year with a budget surplus. This is the third season under general director David Roth that the Opera has come out ahead.

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