Kentucky House To Vote On Budget Plan

by Rick Howlett on March 10, 2010

By Tony McVeigh, Kentucky Public Radio

The Kentucky House is poised to vote today on a 367-page biennial state budget bill approved Tuesday night in committee. 

The $17.5 billion spending plan cleared the House Appropriations and Revenue Committee on a 19-5 vote.  The only Democrat voting no was Louisville Rep. Jim Wayne.  He’s concerned about the two-point-two billion dollars in total bonded indebtedness in the budget. 

“The news this evening that we have a historically high debt at 7.43% ratio is just appalling in this time.  And so I don’t think it’s a responsible thing to vote for this, so I vote no,” Wayne said.

But House budget chairman Rick Rand says bond rates are low and it’s a good time to borrow.  And he’s confident the bond rating agencies will be pleased to see the budget includes a $21 million surplus in the second year.

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alexis madison March 12, 2010 at 7:28 pm

I just want to comment that I can’t believe the budget includes a cost of living increase for circuit court clerks however, the lower paid employees of the state, receive not any increase in their pay whatsoever. This does not seem fair and seems backwards.

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