Most Active Stories
- Thank you for coming to the latest WUKY Phoenix Friday... Up next... August 22.
- Fresh Housing Numbers, New Eatery On Richmond Road, & West Sixth News On BizLexChat
- Join WUKY And NPR For The 2014 Newport Folk Festival
- Robert Plant "lullaby and … The Ceaseless Roar"
- Pop Bottle Bombs Found At Area High Schools, Student Activities Canceled
Fri May 29, 2009
Beshear Says Special Session Likely
By Tony McVeigh
Frankfort, KY – After analyzing current and projected state revenue receipts, the Consensus Forecasting Group is predicting Kentucky could be facing an almost one billion dollar shortfall next fiscal year. The forecast options were optimistic, control or pessimistic, and the panel went with a 50/50 blend of control and pessimistic. "Some argued 50/50, there was one 75/25, one 25/75, so it was pretty much the consensus feeling that we're not as optimistic as the control forecast would suggest."
Chairman Larry Lynch says the projected shortfall in the road fund is 239-million dollars. Immediately after the meeting, Governor Beshear issued a statement indicating he will call a special session beginning June 15th to address the budget shortfall.