US EditionGov. Beshear Provides Team Kentucky Update
Governor Beshear's plan protects education and Medicaid while cutting $77.7 million from state agency budgets to address a $156 million shortfall, about 1% of General Fund revenue.
- On Dec. 18, Gov. Andy Beshear unveiled a preliminary budget-reduction plan cutting Kentucky General Fund appropriations by $77.7 million and using $28.2 million in unbudgeted balances, saying `I want to make sure that people know that I am personally taking part in this budget reduction plan`.
- The Consensus Forecasting Group trimmed its shortfall estimate from $305 million to $156 million and projects sluggish revenue growth of 2.5% in 2026-27 and 2.2% in 2027-28 through the middle of 2028.
- Many state agencies face about a 3% reduction to enacted budgets, including the Governor's and Lieutenant Governor's offices, while Auditor Allison Ball and Treasurer Mark Metcalf declined participation.
- With the legislative session starting Jan. 6, Tuesday's forecast and Gov. Andy Beshear's plan will guide the Kentucky General Assembly's 2026-28 biennial budget amid disputes with the Republican-led legislature.
- Kentucky fell just $7.5 million in revenue short of the 2022 law's trigger, which requires the Budget Reserve Trust Fund to be at least 10% of revenues, with the fund expected to hold about $16.2 billion.
15 Articles
15 Articles
Beshear Speaks On Economy Ahead Of January Budget Address
During his Wednesday night address to the nation, 47th U.S. President Donald J. Trump touted an “inherited mess” from the Biden administration, and urged citizens that affordability is within grasp. During his Thursday morning “Team Kentucky” update, Kentucky Governor Andy Beshear disagreed — noting while the state’s economy continues to improve, prices on goods aren’t. Beshear said his “State of the Commonwealth & Budget” address, planned for 4…
The Advocate-Messenger
Gov. Beshear provides Team Kentucky update
FRANKFORT, Gov. Andy Beshear provided updates on economic development; his upcoming State of the Commonwealth address; the state budget; declining highway fatalities; and Kentucky Emergency Management warming centers. The Governor named Santa Claus, along with everyone else working to make Christmas special this year, as this week’s Team Kentucky All-Star. Economic DevelopmentToday, Gov. Andy Beshear announced that 2025 was the second-best year …
arcamax.com
Murray Ledger and TimesBudget shortfall less than expected in Kentucky; Beshear to share reduction plan
LEXINGTON, Ky. — A group of economists predicts Kentucky will soon see a revenue shortfall, one that is about half of what they projected three months ago for the fiscal year ending June 30, 2026. From now until the middle of 2028, the state’s...
Coverage Details
Bias Distribution
- 58% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
