Budget Address Tuesday

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Updated: 1/16/2012 6:47 pm
Governor Steve Beshear, D-Kentucky, will unveil his proposed two year budget Tuesday night in an address to a joint session of the Kentucky General Assembly.
"The budget decisions we face are horrible,” Beshear told lawmakers the last time he addressed the Senate and House during his State of the Commonwealth speech on January 4.
During that address he talked of finding “bold answers” to Kentucky’s problems.  The budget address will force him to get down to brass tacks on Kentucky’s financial situation.

During a year end interview with ABC 36 News Beshear admitted lean times are ahead.

"While our revenues are starting to come back up, the stimulus money is gone and we're going to have as probably as big of hole if not bigger than we've had the last two years because of that,” Beshear said during the December 28 interview.
What Beshear does in his two year budget plan with SEEK, the basic funding source for Kentucky’s schools, will be one key decision.
Despite claims by the administration to the contrary, Senate President David Williams, R-Burkesville, says Beshear has already reduced basic funding for education during the current budget cycle.
"We had a reduction in the SEEK formula because of an under estimation of attendance by the governor in the last budget process,” Williams said at the 2012 legislative session got underway.
Williams claims there’s already a $70 million a year problem with the SEEK formula.
The Beshear administration has put state agencies on notice to brace for the possibility of a seven to nine percent reduction in their already diminished budgets.  One strategy Beshear is not expected to use again is the furloughing of state workers.  In the first year of the current budget he forced most workers to take six unpaid days off.
“We don't have any plans for furloughs on the table,” Beshear said during the year end interview.
"If furloughs are not on the table it well could be that there would be a call for a reduction in the workforce,” said Rep. Greg Stumbo, D-House Speaker.  “Now there's two ways to do that, you could lay people off or let attrition take care of that."
Beshear still clings to casinos as the state’s long term panacea.  "It is not going to help us over the next 18 months even if it passes, but long term we need to be looking at raising revenue in this state and there is a big hunk of money that doesn't come from raising anybody's taxes,” said Beshear.
“And, many of us are convinced it won't ever solve any problems,” Williams counters.
The budget address is scheduled for 7p.m. Tuesday.  Kentucky’s new two year budget, which requires the approval of lawmakers, begins July 1.

Most Popular
Lexington lawyer disbarred after fraud plea
A Lexington attorney facing federal prison time for fraud has been permanently disbarred by the Kentucky Supreme Court.
Officer In The Right Place At The Right Time
An officer doing a routine check at Thorntons helped catch a strong-arm robbery suspect on Thursday. Video Video
UPDATE: New Details On Accident During Ice Bucket Challenge
A statement released by the Campbellsville Police Department detailed what went wrong during Thursday morning's "Cold Water Plunge" at Campbellsville University. Video Video
Four Injured In Head-On Crash In Lexington
Four people were injured in a crash on Alumni Drive on Wednesday night. Video Video
Report: 3 Firefighters Hurt During Campbellsville University's "Ice Bucket Challenge"
ABC36 has learned that three firefighters were injured when the ladder to their fire truck reportedly touched a main power line during the Campbellsville University's "Ice Bucket Challenge" on Thursday.
Inergize Digital This site is hosted and managed by Inergize Digital.

WTVQ.com supports children's privacy rights. All persons under the age of 13 MUST have parental permission to use this website and direct parental supervision is strongly recommended.