Saturday, October 06, 2001
State faces possibility of more budget cuts
The Associated Press
FRANKFORT Another round of state budget cuts, this one possibly affecting education, may be necessary because of a new revenue shortfall that could reach $225 million, a state official said.
State Budget Director James Ramsey said he expects a new revenue shortfall this fiscal year of $150 million to $225 million, or about 2 percent to 3 percent, in the General Fund.
The latest projections come on top of spending cuts, fund transfers and other steps by Gov. Paul Patton's administration to meet a previous $300 million shortfall. The administration accounted for that gap by taking $120 million from the state's emergency fund and by making budget cuts. Education programs were shielded from those cuts.
Mr. Ramsey told the Louisville Courier-Journal on Thursday that few painless moves will be available in a second round of cuts.
And the big policy debate in this next round is whether we can continue to cut without cutting education, which we've spared so far, Mr. Ramsey said.
Education officials said they hope their programs won't be cut but have planned for such a possibility because of revenue trends.
Mr. Ramsey said education spending consumes about 60 percent of the General Fund each year.
The exact size of the additional shortfall should be known next week.
Building the new Reds ballpark requires major league precision
Guardsmen on duty at airport
New runway's effects listed
City's bill for lawyer over limit
Arson likely in barn fires
City race issues analyzed
Man sentenced to 65 years in killing
Paideia schools rank low
Proof city's settling down: mayor monitors football
Tristate A.M. Report
UC hunts for spots to trim
Web site provides tax levy figures
Workers thought photos OK
SAMPLES: The Point
Antiques show back in old home
School adds adviser for kids
Transcribing fee called 'exorbitant'
Area emergency workers reflect on 9-11
Districts differ over funding
Education theme: 'Go Higher'
Harlan bids farewell to National Guard troops
Kentucky News Briefs
Oil tanks probably polluting
Public's wishes to be in park plans
Rescuers' fate hits hard
State faces possibility of more budget cuts