Wednesday, May 11, 2011

State revenue is now what?

Earlier today, Governor Steve Beshear mentioned on Twitter that he was excited about revenues being up this month:

According to the Courier-Journal article that the governor references, this amounts to roughly $62.1 million more than a year ago. That's pretty good. I think we all probably wish our personal revenue was up 8% over last year.

What are the odds that the $62.1 million will be spent toward Kentucky's budget shortfall?

With revenues up, what would be the responsible fiscal action our state leaders should take? Let us know in the comment section!


Anonymous said...

If you cut costs you don't have to be concerned with revenue going up!

Anonymous said...

Hmmm...then why are we borrowing money from next year's budget? Why does the commonwealth continue to pursue a path that lacks ANY fiscal restraint!? Great post.

Anonymous said...

We must pay back what we borrowed from next years medicaid, and start to pay back our debt. Of course, Bashear's defination of "debt" and mine are different.