Kentucky Club for Growth
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May 26, 2010

House Agrees to Original Senate Debt Levels

The cost of every day of this Special Session should be paid out of Greg Stumbo's pocket.

Here we are, a month and a week after the Constitutionally-mandated end of the regular session, and the budget that the House is finally agreeing to matches the Senate's original proposal.

Interest and principal payments on that would make up 6.88 percent of the state's estimated revenue -- the same amount suggested by the Senate in April. That's down from the House's initial proposal in March of 7.66 percent and from the 7.8 percent in the original budget draft Gov. Steve Beshear unveiled in January.

Every day of this session is a direct result of the Speaker's refusal to accept what he is accepting now. His lack of timely leadership is costing you $65,000 per day.

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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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* Reducing spending
* Decreasing the size of government
* Judicial reform
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* Reducing needless regulation

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