Beshear Orders Two Percent Cuts to State Spending

Kentucky Governor Steve Beshear is ordering most state agencies to cut their budgets by two percent for the current fiscal year, but that will not be enough to close a $190 million budget shortfall. The decision was announced by State Budget Director Mary Lassiter at a joint budget committee meeting Tuesday. The plan will not […]

Kentucky FY10 Receipts Down, But Outlook Positive

By Rick Howlett State Budget Director Mary Lassiter says Kentucky’s General Fund receipts declined for the second straight year, the first time the state has seen a consecutive decline since the end of World War II. She says tax collections for the just-ended fiscal year hit their lowest point in five years. General Fund receipts […]