Daniels Calls For New Revenue Projections

Indiana Governor Mitch Daniels says state revenues for April were $255 million below a revised fiscal forecast issued last month, and wants some new projections in hand before he calls a special legislative session to pass a state budget. Lawmakers did not pass a new spending plan before the regular session ended Wednesday. Daniels says… Continue reading Daniels Calls For New Revenue Projections

Beshear Undecided On Special Session

The 2009 session of the Kentucky General Assembly hasn’t even adjourned yet, but there’s already talk of a possible special session in June. House Speaker Greg Stumbo believes one may be necessary if the economy doesn’t pick up. What about Governor Beshear? Will he call a special session? “It’s too early for us to make… Continue reading Beshear Undecided On Special Session

House Speaker Hints at Special Session

From Kentucky Public Radio’s Tony McVeigh The current legislative session in Frankfort isn’t even over yet, and there’s already talk of a special session.  State revenue receipts in February fell by more than 9%, dropping revenue growth for the current fiscal year to zero. Road fund receipts fell almost 12%. House Speaker Greg Stumbo says… Continue reading House Speaker Hints at Special Session

Work Still Needed on KY Pension Reform

From Kentucky Public Radio’s Tony McVeigh Kentucky lawmakers met in special session last month to address problems in the state pension system. But not all issues were resolved. State pension systems are 26-billion dollars in the red. Lawmakers are hoping a funding formula approved last month will fix the problem. But other issues remain, like… Continue reading Work Still Needed on KY Pension Reform