KY Faces Budget Shortfall

Kentucky Gov.-elect Andy Beshear faces a budget shortfall that could exceed $1 billion as he prepares a two-year state spending plan to submit to lawmakers in early 2020, according to a memo from outgoing Gov. Matt Bevin’s administration.The memo from Bevin’s budget director, John Chilton, points to additional funding needs for pensions, corrections, Medicaid and employee health benefits and projects only modest revenue growth to help pay for the state’s budget needs.

Source: MG News

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