Lawmakers Get Back To Budget Business Today
Frankfort, KY – A new biennial state budget remains the focus of the 2010 session, which is entering its fourth week. Last Friday, legislative leaders sounded the death knell for the governor's budget plan, which relies on revenue from casino gambling. In the search for other revenue sources, tax reform is still in play, but Senate President David Williams says reaching some kind of agreement could be tough. "We could have a breakthrough at any day if someone brings us a perfect plan. It's just there's going to be broad differences. There'll be regional differences. There'll be socio-economic differences. There'll be cultural differences about what we need to do."
House Speaker Greg Stumbo says an internal analysis of the budget is underway and he expects to have a report on his desk today. In the meantime, budget hearings will continue. Lawmakers have 47 days to reach a final budget agreement.