House Passes State Budget Bill
Last week, the House Democratic Majority passed its version of the next two-year $21 billion state budget (HB 303). The bill passed the full House last Wednesday with a vote of 53-0 as House Republican members declined to vote on the measure.
The House budget bill proposal differed from the Governor's budget largely in that it restored cuts to state universities, various programs for public schools, some state agencies and provides for work ready scholarships. HB 303 eliminated $100 million in state bond funding for workforce development projects.
Like the Governor's proposal, the House budget fully funds the over $1 billion in actuarially required contributions to the ailing public pension systems for teachers and state employees (KTRS and KERS) without bonding. The House budget also included the Governor's proposed $60 million in state bond funds for the renovation and expansion of the Lexington Convention Center.