Kentucky Club for Growth
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June 24, 2009

Quick Summary of the Special Session, Day 10

The House is now recessed until 11:30. Conference committees have agreed to the provisions of HB 4, as reported yesterday, and they are returning to sign the conference agreement on HB 3 (tax incentives and tolls).

The Senate has not yet gaveled in.

UPDATE: The Seante passed the budget 35-0

12:20 - David Williams, speaking about the incentives bill, said that "shock jocks" wouldn't tell people about some portion of the bill, and that he'll depend on the real reporters to tell the story. Strangely defensive

12:41 - Senator Thayer complained that the Governor was uninterested in considering any provisions to assist the Horses other than slots, then Senator Worley complained that he didn't get the chance to have the slots bill defeated on the Senate floor, as if its place of defeat made a difference.

HB 3 passed. Williams suggested that the Governor couldn't line-item it (pretty sure he can) and Williams said folks could go home if they wanted.

1:26 - the House passed HB 3, and went to get a sandwich. Most Northern Kentucky legislators opposed on the grounds that it set a precedent for tolls in Northern Kentucky. Robin Webb and Bill Farmer both complained that the bill was ignoring the real problems of a broken tax code. Harry Moberly said that he was for the bill but he hated it because it created tax breaks that meant he'd have less money to spend in the future.

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06/23/09 : Session Could Finish Tonight; KEY VOTES

06/22/09 : KEY VOTE: HB 1

03/11/09 : Key Vote: HB 236 - Taxing IPTV

03/09/09 : Key Vote: HB 102 - Tolls

03/09/09 : Key Vote: HB 374 - Gas Tax Hike

03/03/09 : Key Votes: Some Good Legislation

03/03/09 : Key Votes: Driving Businesses Out of Kentucky

Drees: Raise gas tax to fund bridge - Pat Crowley, NKY.com

Ky. House nears tax vote - Pat Crowley, NKy.com


Donor records might have similarities - Lexington Herald-Leader

Club for Growth launches in Oregon

The Kentucky Club for Growth is proud to announce its 2007 scorecard rating members of the Kentucky General Assembly on fiscal issues.

How did your legislators do?


Club for Growth eyes spending - by Patrick Crowley, The Enquirer

Political group taking on state - by Stephenie Steitzer, Kentucky Post


Ky. jobless rate hits 11 percent - Courier-Journal...

The Governor's Budget Proposal
This is a reposting of the first article of email update sent out earlier today.  If you don't receive them, you may want to sign up.Here's the Governor's proposal:$147.1 million in spending cuts $81.5 million from a 70-cent cigarette tax...

$373 Million in Cuts
Governor Beshear has told agencies to plan for 4% budget cuts, suggesting that he's either expecting to raise taxes, or not expecting the $456 million shortfall to materialize.  4% of FY 2009 appropriated spending is only $373 million....

Governor Announces Administration Exploring Cuts, Taxes
Governor Steve Beshear announced that he is expecting a $294 million budget shortfall and is going to gauge public reaction before making a specific proposal to address it in December.  Cuts and taxes are on the table.Waiting until December is...

Strapped
The media is so sure there's a revenue problem, that it's hard to even fathom that the reality is that state revenue is increasing.

Business Tax Climate
We're #34 according to the Tax Foundation's 2009 State Business Tax Climate Index.

Financial Troubles
"The Negative Outlook reflects plans to continue to deplete fund balances and virtually drain the budget reserve trust in the current biennium. Further, Fitch remains concerned about the weakened pension funding levels and the commonwealth's rising debt position as an additional $1.65 billion in debt has been authorized for the biennium."

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