Kentucky Governor calls special session to seek a budget compromise
FRANKFORT, Kentucky: Kentucky Gov. Steve Beshear has called for a special legislative session to begin May 24 in order to reach a budget compromise. The current year's legislative session adjourned April 15 without passing an executive branch budget and Beshear has warned of dire consequences if one is not passed soon.
On May 12 Beshear announced a $17 billion two-year budget proposal which has initially received positive reviews from top lawmakers. The proposal adds no new taxes and has a 3.5% spending cut the first year and 4.5% cut the second, with an exemption for public education.
If a budget compromise does not come before July 1, it would be the first time in Kentucky's history. Beshear has warned lawmakers that if June 1 passes without a budget, the state would lose over $100 million in savings from a debt restructuring plan, and if June 30th passes, there will be a partial government shutdown.
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