Tuesday, January 13, 2009

Beshear's got us by the bonds

Acting State Budget Director John Hicks said today at a Joint Budget Committee meeting that Gov. Steve Beshear plans to go back to the municipal bond market next month to borrow more money.

Beshear actually celebrated last time the state mortgaged our children's future to the tune of almost $400 million. Now that our fiscal situation seems even worse, he may need his smelling salts.

Last year, lawmakers granted Beshear authority to bond over $1.5 billion in the current budget cycle.

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