Plan to Cap State Spending at Six Percent of Revenue Takes the First Step

A new constitutional amendment that restricts how much debt the Commonwealth can carry took it’s first steps in Frankfort today. The amendment is sponsored by state Sen. Joe Bowen, a Republican from Owensboro. It caps state spending to six percent of annual revenue.Currently, the state has spent 6.3 percent more than it has taken in. The… Continue reading Plan to Cap State Spending at Six Percent of Revenue Takes the First Step