budget

In an update to its “Leaky Bucket” report, the Kentucky Chamber of Commerce says the state is making progress addressing some troubling trends.

Mayor Jim Gray’s suggested $313 million general fund budget could jump by $1.5 million  if the council presses forward with a number of proposals.

LEXINGTON, Ky. - Mayor Jim Gray has officially outlined his $297 million spending plan for 2014, which he's calling a business-like plan with "a dose of Warren Buffett for investments and the Good Samaritan for taking care of our neighbors."

LEXINGTON, Ky. - Lexington’s Urban County Government is in the process of developing a budget for the next fiscal year, and a small portion of city money will go to what are called “partner agencies.”  Brenna Angel reports on a new system officials used this year that’s allowing more non-profit organizations to use the funds.

FRANKFORT, Ky. - After a long night of discussions, Kentucky lawmakers have finally reached a $19 billion budget agreement. House and Senate leaders resolved their differences shortly before 3 a.m. Thursday.

Budgets for all three branches of state government have now passed one chamber of the Kentucky General Assembly.

The House spent more than an hour debating the details of the executive, legislative and judicial budgets before easily passing all three.

The House did slightly change Gov. Steve Beshear’s original executive budget. And lawmakers also cut the legislative and judicial budgets by 8.4 percent.

House Budget Chairman Rick Rand says the budget passed isn’t one to brag about, but helps the government maintain important functions.

 FRANKFORT, Ky.  The House is expected to vote on an austere state budget by the middle of next week.

House Speaker Greg Stumbo said he doesn't expect a lot of changes from Gov. Steve Beshear's original budget proposal presented to lawmakers in January.

Beshear's $19.5 billion, two-year budget proposal includes 8.4 percent cuts to most state agencies.

The House Appropriations and Revenue Committee is expected tovote on the budget on Tuesday. The measure could then be considered by the full House on Wednesday.

LEXINGTON, Ky. -- More low-income Kentucky families would be able to send their child to public preschool under a plan to expand eligibility requirements.

Half-day preschool programs are currently open to 4-year-olds in families with income at or below 150 percent of the federal poverty level. In his budget proposal, Governor Steve Beshear would raise that income cap to 160 percent of the poverty level.