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Record shortfall a challenge; stimulus dollars, cuts help Legislature back in session Monday, June 15, 2009: Big plus for Adair County: Education funds protected in new state budget. Payments to jails at same levels. But Transportation takes hit as State administration proposes 2009/2010 budget "I'll say it again and again - we cannot move forward if we take significant steps backward in spending in our classrooms," GOV. STEVEN BESHEAR From Gov. Steve Beshear's Communications Office FRANKFORT, KY. - Faced with the largest shortfall in modern Kentucky history, Gov. Steve Beshear unveiled a proposed budget for next year that does not raise taxes on working families and businesses while preserving basic funding for classroom instruction, health care programs for the most vulnerable and key areas of public safety. Gov. Beshear told reporters Wednesday afternoon, June 3, 2009, that he is formally calling the legislature into a special session, starting June 15, to address a projected $1 billion shortfall in the legislatively enacted budget for the new year, which begins July 1. The coming budget year is also the third consecutive year that the state has had fewer dollars in revenue than projected and budgeted expenses - an unprecedented occurrence. "My plan protects our families and businesses in this vulnerable time; preserves investments in critical priorities like education, health care and public safety," the Governor said, "and recognizes the economy will take years to recover."In short, the proposed plan will be paid for by making an additional $200 million in cuts from enacted levels and utilizing more than $740 million in federal stimulus dollars, the bulk of which would go toward education and Medicaid as prescribed by law. "Given the challenges that we will face in the next biennium, as predicted by the Consensus Forecasting Group, it is prudent that we reserve some of the stimulus money to help us address next year's budget," said Gov. Beshear. "Without this money, the pain we are experiencing would be magnified many times over," the Governor said. "We must realize, however, that this is one-time money. We cannot and should not use it to create new programs we would be unable to sustain in future years." Highlights of the Governor's proposed budget plan include:
This story was posted on 2009-06-04 02:42:15
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Kids outdoor day at GRL State park, Camp Kentahten Remembering Leoner Bennett: From Marie Taylor family Amandaville will be 1st feature in Kentucky A to Z (ADV) All the activity is in CM Classifieds Knifley AVFD flea market is June 6, 2009 Picketts Chapel Homecoming is June 7, 2009 Columbia UMC will be taking Angel Food Ministries Orders Crusade Roadblocks in Columbia on Fri., Sat, June 5-6, 2009 A few ACHS 2009 Yearbooks available Blood drive 1-6pmCT, Edmonton, KY View even more articles in topic News |
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