Gov. Steve Beshear says he hasn't reached a conclusion on whether Kentucky should borrow enough money through the sale of government bonds to shore up the pension systems for state and local employees. The state employee retirement plan faces a $19 billion shortfall. Add to that the financial woes in plans covering local government employees, state police, teachers, lawmakers, judges and other court workers, and the shortfall reaches $30 billion.
Military veterans who are renewing Kentucky driver's licenses will be able to have a special designation printed on the license. The General Assembly this year authorized the designation, and the required programming for circuit court clerks' offices was finished on Monday.
An annual report that describes the state’s financial outlook shows that Kentucky has once again gone deeper into debt. The report, when compared with past years, shows the state added more than $110 million in debt during the last fiscal year.