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… Continue reading Beshear Orders Two Percent Cuts to State Spending
Kentucky general fund revenues grew 6.6 percent in January — a $45 million increase over last year. Budget Director Mary Lassiter reports the state is likely to meet or slightly exceed the revenue estimate for the year. The result would be a balanced state budget or even a small surplus.
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… Continue reading Kentucky FY10 Receipts Down, But Outlook Positive