LRC Budget Chief Says Lawmaker Face Tough Choices

From Dan Conti, Kentucky Public Radio The retiring budget director of the Kentucky Legislative Research Commission has told state lawmakers that they face some tough choices when they begin their nexts budget session in January. Bart Hardin steps down at the end of this week. He says Kentucky’s economy is growing and revenues are improving… Continue reading LRC Budget Chief Says Lawmaker Face Tough Choices

Kentucky Revenues Exceed Estimates By $166 Million

From Stu Johnson, Kentucky Public Radio State officials hope higher than expected tax receipts translate into more jobs across Kentucky. The end of the fiscal year report shows general fund tax receipts came in $6.5-percent higher than anticipated. State Budget Director Mary Lassiter says receipts exceeded estimates by $166 million. She says the numbers signal… Continue reading Kentucky Revenues Exceed Estimates By $166 Million

State Parks May Turn Golf Courses Over To Private Vendors

The Kentucky Department of Parks has issued a proposal seeking information from vendors that might want to operate state owned golf courses. Spokesperson Gil Lawson says there are 18 state courses that could be operated by private sector firms. “Right now rounds of golf are subsidized by taxpayers, we are losing money at this and… Continue reading State Parks May Turn Golf Courses Over To Private Vendors

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… Continue reading Kentucky FY10 Receipts Down, But Outlook Positive

Kentucky Tax Collections Were Up in May

by Kentucky Public Radio’s Tony McVeigh There was an encouraging rise in Kentucky’s revenue receipts in May, compared to the same month last year. State tax collections rose just over three percent last month, with total receipts exceeding $636 million. That’s compared to $617 million collected in May 2009. For the first 11 months of… Continue reading Kentucky Tax Collections Were Up in May

Beshear Offers Budget Plan, Sets Special Session

from Kentucky Public Radio’s Tony McVeigh Kentucky Gov. Steve Beshear is offering a proposal he hopes will end the state’s budget stalemate and has set the date for a special session. Gov. Beshear says his $17.1-billion dollar biennial spending plan is not a new budget. It’s just a compromise based on the separate budget plans… Continue reading Beshear Offers Budget Plan, Sets Special Session

Kentucky Ends Fiscal Year With Balanced Budget

From Kentucky Public Radio’s Tony McVeigh Kentucky didn’t use any federal stimulus dollars to balance the state budget last month, but it did have to pull some surplus funds out of Medicaid. Earlier this year, Kentucky lawmakers approved budget cuts, a raid on the rainy day fund and tax hikes on alcohol and cigarettes to… Continue reading Kentucky Ends Fiscal Year With Balanced Budget

Deeper Cuts Likely Ahead for State Government

From Kentucky Public Radio’s Tony McVeigh Some state agencies in Kentucky may see budget cuts of three-to-four percent this fiscal year. That’s the message in a letter mailed Friday by State Budget Director Mary Lassiter and obtained by Kentucky Public Radio. Lassiter says these are NOT across-the-board cuts. “Most of the priority areas of government… Continue reading Deeper Cuts Likely Ahead for State Government