Gov. Beshear Says State Budget Hole Widening

FRANKFORT, Ky. (AP) - Gov. Steve Beshear says Kentucky's budget
woes are getting worse along with the national economy, and is on pace to fall hundreds of millions short by the middle of this summer.

Beshear said Thursday his administration's internal projections show state revenue for the current fiscal year, which ends June 30, is already on pace to fall short by nearly $300 million.

The separate road fund is also expected to be shy by about $71 million.

The governor said he's asking a group of state economists to make an official projection on the expected shortfall.

Beshear says he may call the General Assembly into a special session early next year to address the matter. Kentucky lawmakers earlier this year passed a two-year, $19 billion state spending plan that doesn't expire until June 30, 2010.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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  • by Brenda Location: Frankfort on Oct 31, 2008 at 06:11 AM
    I think that the Governor should rake a very close at all top and other high paying jobs in State Government and see if them jobs are necessary or not and why these people are making just high salaries. There has been alot of state jobs not filled and will not filled after the retirement of a person. Think some top paying jobs can be elimated. State government should be in buildings that the state owns and get out of paying rent on buildings that in the long term will save money. Sell what ever State Government does not use to raise money.
  • by steve on Oct 30, 2008 at 03:44 PM
    yea go ahead wkyt praise Stevie boy again well let me tell you all these democrats treat the American people are stupid and let me tell you they awoke a sleeping giant its on its way at the voting booth the democrats caused all of this.


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