Kentucky House passes budget with $1.14 billion in unspent funds and hint of tax cuts
The Kentucky House advanced its two-year, roughly $65 billion spending plan for state government on Thursday with more information about plans for possible tax cuts and a proposed $10 million annual fund to let lawmakers give away money back home in their districts.
The House budget committee approved House Bill 1 and sent it to the full House, which voted 85-to-8 hours later to pass the measure along to the Senate.
The committee adopted a substitute version of the bill adding some items, including several priorities from Democratic Gov. Andy Beshear’s budget proposal, such as more money for capital projects at universities and expansion of a senior citizens meals program. It also added money to identify sites to be used for recruitment of employers under the state’s economic development, something Beshear requested.
Otherwise, HB 1 looks much as the Republican-led House first crafted it and released it on the fourth day of the legislative session, sponsors said.
Read more at: https://www.kentucky.com/news/politics-government/article257546588.html