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Posted: Tuesday, 25 March 2014 7:52AM

Senate passes its version of Ky. budget



FRANKFORT, Ky. (AP) — The Kentucky Senate has passed its version of a $20 billion, two-year state budget that differs from the House's plan on some key points.

The plan that passed the Senate on a 25-2 vote Monday significantly reduces the amount of bonded projects.

The proposed Senate version restores a 2.5 percent cut in operating funds for universities included in the House's budget.

But the Senate plan removes a number of bonded construction projects for universities.

The Senate version also removes a proposed $65 million bond for Rupp Arena's renovation and a new convention center in Lexington.

The Senate plan preserves putting more money into the state's main funding formula for kindergarten through 12th-grade classrooms.

House and Senate negotiators will try to iron out a final version of the budget in coming days.

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The legislation is House Bill 235.

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Topics : EducationPoliticsSocial Issues
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Locations : Frankfort
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