Kentucky Club for Growth
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May 6, 2010

Frankfort Has Little To Do To Get Budget Done

Over at Page One, Jake's concerned that no one is in Frankfort, working on a budget:

Look, folks, here's the deal: NOTHING is happening in Frankfort. Don't get your hopes up for a budget. Rick Rand isn't even in town this week. The Senate isn't doing anything. The House most certainly isn't. And the Governor's office is struggling. Based on the inactivity I've seen in that town this week? The Commonwealth of Kentucky is screwed. We're in for a rude awaking. [Just Saying]

We do not share his concern for three reasons:

First, many legislators plan time off after any session. Some are on vacation, some are home with families, but the two weeks post-session are always dead time.

Second, there's already more leeway on spending since they left town. The Feds are creating $176 deficit dollars to help Kentucky schools pay the bills. More to spend = less spine required.

Third, everyone now agrees on the budget direction except for a few stubborn holdouts. A rumored poll in Frankfort suggests that almost 75% of the population of Kentucky agrees with the Senate/House Republican position. We can't imagine Stumbo's about to shut government down to hold on to his fantasy that government can fix the economy. We also can't really imagine the political upheaval that would have to take place in Floyd county to really make Stumbo in danger, but, hey, David Obey's retiring!

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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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