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 […]
Tag Archives: State Budget Director Mary Lassiter
Brighter Picture For State Revenue
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.
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 […]