Today is Wednesday, 20th November 2024

KY: Lawmakers Don’t Like Governor’s Budget Plan

From The McCreary County Record:

When he announced his plan for covering a $456 million shortfall in the state budget, Gov. Steve Beshear called it a “starting point.”

Reaction so far has been mixed, but some signs of opposition at least to some parts of the plan have indeed started.

Beshear wants to use $17.8 million in “excess coal severance tax receipts” for the state general fund rather than sending it back to the coal producing counties which are to receive half of the taxes for economic development. Budget Director John Hicks said increased coal production this year in the face of high oil prices produced significantly higher coal severance receipts than budgeted. During the first six months of the year, the state sent back to coal counties $20 million more in coal severance taxes than what was budgeted.

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