FRANKFORT, Ky. (AP) - A panel of economic advisers is predicting
modest growth in state revenue over the next two years, despite
uncertainties in the global economy that could spell trouble.
The Consensus Forecasting Group, made up largely of economists
from the state's universities, issued an official prediction
Wednesday that Gov. Steve Beshear and lawmakers will use to develop the next state budget.
The economists predicted General Fund revenue of just more than
$9 billion for the remainder of this fiscal year, $9.2 billion and
$9.5 billion respectively over the next two fiscal years.
The legislature uses the group's economic forecasts, which have
been remarkably accurate in the past, to appropriate funds for
various government programs and agencies.
(Copyright 2011 by The Associated Press. All Rights Reserved.)