Memo Says Governor-Elect Andy Beshear Facing a Massive Budget Shortfall
A memo from the outgoing administration of Governor says Governor-elect Andy Beshear faces a massive budget shortfall as he prepares to take office.
The note from Bevin's budget director estimates the shortfall could exceed $1 billion over the next two years.The legislature will deal with rising costs and a host of competing demands for funding, including pensions, corrections, Medicaid, and employee health benefits.
The memo was sent to Beshear's transition team and state lawmakers. Beshear takes office next Tuesday and will submit a two-year spending plan to the legislature early next year.