WKYT | Lexington, Kentucky | News

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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