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KENTUCKY

Kentucky

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    • Budget timeframe: Biennial

      Fiscal Year begins: July 1

      The current state budget can be found here.

      Find the legislative session calendar here.

      Find the current legislative leaders here.

       

      KY Gov. Beshear

      Gov. Steven Beshear
      Office of Governor Steven L. Beshear
      The Capitol Building
      700 Capitol Avenue, Suite 100
      Frankfort, KY 40601
      Phone: (502) 564-2611
      Fax: (502) 564-0437

      http://governor.ky.gov/

       

       

      Mary E. Lassiter, State Budget Director
      Governor's Office for Policy & Management
      Capitol Annex, Room 284
      Frankfort, KY 40601
      Phone (502) 564-7300
      Fax: (502) 564-6684
      www.osbd.ky.gov

       

      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2012 Comprehensive Annual Financial Report (CAFR) compiled by the state government, and click here for information on the state's pension liabilities



      Kentucky is required to pass a "balanced budget." Section 171 of State law mandates that for each fiscal year the legislature provide revenue to meet the estimated expenses. Kentucky law forbids the carrying over of a deficit from one year to the next.

       

      Kentucky consists of the following governmental funds: the General Fund, the Transportation Fund, the Federal Fund, the Agency Revenue Fund, the Capital Projects Fund, and the non-major funds (comprised of 5 lesser funds). Budgets are prepared principally on a cash basis and all of the major governmental funds are budgeted except for the Capital Projects Fund. Non-major funds are not budgeted. Six of the ten governmental funds are not budgeted, which is evident from the Kentucky data sheet where actual figures are far from being in sync with budgeted figures. Information necessary for analysis is not all present within Budgetary Comparison Schedules: beginning and ending balances are missing.  [from the Institute for Truth in Accounting]

       

      Find the state's bond ratings here.

       

       

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    • Solutions: Kentucky

      Future Shock Solutions

      The Bluegrass Institute | by Lowell Reese | April 8, 2013

      The goal is to enact systemic change and create a climate for long-term solvency for Kentucky's public pensions. This requires changing the very structure of the system while providing the minimum amount of one-time immediate funding to stave off bankruptcy in the state employees’ fund. Steps also must be taken to set in place policies that will enable the commonwealth to avoid such pension crises in the future.

    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • Headlines : Alabama, Alaska, California, Colorado, Connecticut, Florida, Georgia, Kansas, Kentucky, Massachusetts , Montana, Nebraska, New Hampshire , New Jersey, Oklahoma, Pennsylvania

      Williams Report - May 20, 2015

      by Bob Williams | May 20, 2015

      Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob.

    • Alabama, Alaska, California, Colorado, Connecticut, Florida, Georgia, Kansas, Kentucky, Massachusetts , Montana, Nebraska, New Hampshire , New Jersey, Oklahoma, Pennsylvania

      Williams Report - May 20, 2015

      by Bob Williams | May 20, 2015

      Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob.

    • Look Out For These Pension Gimmicks

      State Budget Solutions | by Joe Luppino-Esposito, Bob Williams | April 15, 2015

      States have a few tricks up their sleeves to hide true pension liabilities.

    • Research

      Look Out For These Pension Gimmicks

      State Budget Solutions | by Joe Luppino-Esposito, Bob Williams | April 15, 2015

      States have a few tricks up their sleeves to hide true pension liabilities.

    • Research

      E-Cigarettes Poised to Save Medicaid Billions

      State Budget Solutions | by J. Scott Moody | March 31, 2015

      Electronic cigarettes (e-cigs) have only been around since 2006, yet their potential to dramatically reduce the damaging health impacts of traditional cigarettes has garnered significant attention and credibility. 

    • RESEARCH

      E-Cigarettes Poised to Save Medicaid Billions

      State Budget Solutions | by J. Scott Moody | March 31, 2015

      Electronic cigarettes (e-cigs) have only been around since 2006, yet their potential to dramatically reduce the damaging health impacts of traditional cigarettes has garnered significant attention and credibility. 

    • Research

      Federal Aid to States Dips Slightly, But Remains High

      State Budget Solutions | by Joe Luppino-Esposito | February 17, 2015

      Money from the federal government still generates over 30% of the general revenue in the majority of states.

    • Headlines

      State Budget Shortfalls Update - January 28, 2015

      State Budget Solutions | by Bob Williams | January 28, 2015

      State Budget Solutions is tracking the budget shortfalls, as reported by government agencies and governors in every state. Some of these deficits are immediate problems, while others are long term problems that need to be tackled sooner than later.

    • Headlines : Arizona, California, Illinois, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nebraska, New Hampshire , Pennsylvania, West Virginia

      Williams Report - January 20, 2015

      State Budget Solutions | by Bob Williams | January 20, 2015

      Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob.

       

       

    • Arizona, California, Illinois, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nebraska, New Hampshire , Pennsylvania, West Virginia

      Williams Report - January 20, 2015

      State Budget Solutions | by Bob Williams | January 20, 2015

      Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob.