Kentucky state budget (2008-2009)

Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances.

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Kentucky faced a $456 million budget deficit for fiscal year 2009.

Budget background

See also: Kentucky state budget and finances

In Kentucky, the legislature passes biennial budget bills, which include two fiscal years. However, the state's fiscal year begins July 1 and ends June 30 of the following year. The budget includes appropriations for the state's operating and capital budgets and recommendations made by each state agency. Estimates of the General Fund and Road Fund revenues are compiled by the Consensus Forecasting Group. Prior to the governor's approval, the budget passes first through the House of Representatives and then the Senate for amendments. After a series of hearings, the governor can either approve the budget as approved by the legislature or continue to amend the bill through vetoes. Once the budget is approved, amendments can be made to the budget bill as necessary.

Budget figures

The following table provides a history of Kentucky's expenditures and gross domestic product (GDP).

Fiscal year	Expenditures (billions)	GDP (billions)
2000	$21.5	$111.9
2001	$23.1	$115.1
2002	$24.8	$120.7
2003	$25.8	$124.9
2004	$26.9	$131.7
2005	$27.0	$138.5
2006	$29.5	$146.4
2007	$32.3	$154.7
2008	$35.3	$162.4
2009	$38.6*	$171.0*

• NOTE: The figures for FY 2009 had not been finalized at the time this data was compiled.

See also

• Kentucky state budget and finances