Friday, January 8, 2016
Is Kentucky Gov. Bevin About to Slash Government Spending in Kentucky? I'm Talking Real Cuts
Gov. Matt Bevin spoke at the annual Kentucky Chamber Day dinner and said he already has received requests that would add between $1.4 billion and $2.1 billion in spending to the upcoming budget, reports the Courier-Journal.
“News flash, that’s not coming. It’s not – we don’t have it,” Bevin said. “Truth be told, I wish we did. We don’t have it. So there will be changes. We will be more austere because we must get our financial house in order.”
According to the Courier-Journal, the governor was unequivocal that he would not support borrowing money to shore up the state’s troubled pension systems. Overall, public pensions in Kentucky face more than $30 billion in unfunded liabilities.
Bevin is scheduled to give his first budget address to a joint session of the state legislature on Jan. 26.
If he does make serious cuts, he could become the leader that shows other governors, in states with hovering financial problems, how it is done.
at 2:29:00 PM