Governor Andy Beshear said he expects to call a “short, targeted” special session this year so lawmakers can address a revenue shortfall in the road construction budget.
The Consensus Forecasting Group determined Friday that the state’s general fund will shrink by $457.6 million given the economic impacts of the COVID-19 pandemic.
That represents about a 4% cut, and Beshear said he will ask state agencies to trim their current budgets as a result. Constitutional officers will also be asked to cut their budgets accordingly.
Expected revenue shortfalls in the road fund are expected to be greater than 5%, meaning Beshear will need to call lawmakers back to Frankfort to cut that budget.
Without federal aid, Beshear said the pandemic will “devastate” the budgets of states and local governments throughout the U.S.
Source: WBKO
You must be logged in to post a comment.