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Updated: 6:54 PM Jun 24, 2009
Kentucky Special Session Wrapped Up Wednesday
Kentucky lawmakers have given final approval to a plan to erase a $1 billion budget shortfall brought on by the ailing economy.
Posted: 11:58 AM Jun 24, 2009Reporter: Associated Press Email Address: news@wsaz.com |
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UPDATE @ 6pm
FRANKFORT, Ky. (AP) - Kentucky lawmakers have given final approval to a plan to erase a $1 billion budget shortfall brought on by the ailing economy.
Both the House and Senate approved a bill on Wednesday that applies some $740 million in federal economic stimulus money to the state budget. The remainder of the shortfall would be handled largely through a 2.6 percent cut to government agencies.
Gov. Steve Beshear is reviewing the bill. Kentucky lawmakers wrapped up the General Assembly's special session on Wednesday.
ORIGINAL STORY
FRANKFORT, Ky. (AP) - Kentucky lawmakers may be wrapping up the General Assembly's special session on Wednesday.
Leaders in both the House and Senate say the legislature is expected to vote on a plan to balance Kentucky's expected $1 billion budget deficit in the coming fiscal year.
Lawmakers also say they're close to agreements on a plan to offer new economic development tax breaks and to create an agency that would oversee construction of new Ohio River bridges.
he budget plan mirror's Gov. Steve Beshear's proposal to use more than $740 million in federal stimulus money and cuts most government agencies by 2.6 percent.
A plan to allow video gambling machines at Kentucky's race tracks stalled in the Senate budget committee earlier this week.
Latest Comments
Voters in Kentucky need to wake up. Kentucky State Senate President David Williams killed the VLT Proposal for Racetracks by sending it to Committee and did not as much as send it to the Senate for debate and vote. When signature racing tracks begin to close for the inability to compete with other states all of sudden they'll be asking themselves what did we do wrong but it will be too late. As a republican I can assure you Williams does not speak for me as a republican in this state. It seems to me he has his own personal political agenda and only wants to be a thorn in the Governors flesh. He forgets the majority of people in Kentucky voted for Beshear on his platform of bringing a Casino Gambling Constitutional Amendment, including several republicans.
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