Gov.-elect Andy Beshear will face a massive budget shortfall as he takes office next week, according to memo sent to Beshear’s transition team as well as state lawmakers.
The memo, from Bevin’s budget director, estimates the shortfall could exceed $1 billion over the next two years. The General Assembly will deal with rising costs and a host of competing demands for funding, including pensions, corrections, Medicaid, and employee health benefits.
Beshear takes office on Tuesday and will submit a two-year spending plan to the legislature early next year.
(Photo courtesy of WFPL.com)
By Ken Howlett, News Director
Contact Ken at ken@k105.com
