Yesterday Governor Steve Beshear announced there could be a $1 billion budget shortfall in the Commonwealth of Kentucky. The largest in history.
So let’s talk about that for a second.
If we’re so far in the hole - why was Frankfort spending with reckless abandon in the session just a month ago?
Will Beshear use this projected shortfall to push casino gambling? (Larry Clark won’t like that…)
What will go down?
Time for careless speculation!






























8 responses so far ↓
1 Bunning's Still In // May 1, 2009 at 11:35 am
Jake- Bunning has informed Grayson this morning that he’s still going to run for reelection. You should call your buddy over there in Frankfort to see how he’s going to walk back the cat on this one.
2 jake // May 1, 2009 at 11:38 am
I’ll assume you’re accidentally posting this comment on the wrong post?
That said, we have a lot of “buddies” in Frankfort.
And according to Jim Bunning’s own staff, he’ll eventually be dropping out. Otherwise, Trey Grayson wouldn’t be wasting his time.
3 Jim Anderson Stivers // May 1, 2009 at 12:52 pm
Further, does the Kentucky Constitution distinguish between the forms of expanded gambling to restrict the General Assembly in any specific area of such expansion?
Answer: Yes. The framers of the Constitution clearly rejected the inclusion of other forms of gaming within
the prohibition of “lotteries”, as defined above, when Ky. Const. Section 226 was passed. Hence, “lotteries” are constitutionally distinct from other forms of gambling.”
If be true, a simple Legislative Action may be contrary to the law, but yet former AG Stumbo says NO?
If those charming video terminals make it out of the General Assembly then there will be a challenge to the law.
4 NotMarkNickolas // May 1, 2009 at 12:59 pm
Maybe Beshear can make up some of the short fall the the government effeciency study that will save the state $250 million that he kept talking about during the campaign.
5 Jim Anderson Stivers // May 1, 2009 at 2:29 pm
Some weeks back I posted a comment about the potential SPECIAL SESSION.
Now that we know it will be it appears that some of my post are unfolding.
1. I mentioned the Governor would announce a much larger short fall of revenue than previously suspected.
That sets the stage for the brain washing of lets do the SLOTS THING.
2. With a SPECIAL SESSION all that is required to pass an issue is a simple majority vote.
Stumbo knew this after he talked with members about the CASINO\SLOTS issue last session.
Being the sly old fox he is . . . he decided his chances would be much better getting passage of the SLOTS dur9ing the SPECIAL SESSION.
Well, the big shortfall is in print now, what is it one billion? That is a big number and is supposed to get attention. It did.
Now Speaker Stumbo can go to the members, who have it in writing now, how large the deficit and push them to pass the VIDEO LOTTERY TERMINAL ISSUE.
It’s called stick to them while they are not looking. I will say, if the TERMINALS PASS then they will assuredly end up contested in a court of law. The Lottery Law does not allow any other forms of gambling besides the lottery.
That is why STUMBO is grooming us to the buzz word VIDEO TERMINAL LOTTERY.
IMO, his attempt to is get the issue passed by using the word LOTTERY. Sure he can do that, but will it stand is there is a challenge, which there is sure to be if the VTL pass the HOUSE?
If Wide Screen Williams stands by his previous comments . . . Stum may get his way in the House, but . . . the final say . . . is the Senate.
6 KY Opportunity Coalition // May 1, 2009 at 3:57 pm
It’s time to repeal the prevailing wage on school projects.
Link Removed
7 jake // May 1, 2009 at 4:31 pm
While I know and respect several of the folks involved in the “Kentucky Opportunity Coalition,” frankly, it’s a right-wing organization pushing anti-union, anti-common sense matters.
Please don’t advertise your organization or project without first seeking permission. You should have been clued in weeks ago when I refused to write about your right-wing group.
8 Bruce Maples // May 1, 2009 at 9:02 pm
Before I’m ready to jump on the “OMG! ONE BILLION DOLLARS! SLOTS!! SLOTS!! SLOTS!!” bandwagon, I’d like to know a little more about where this shortfall is located (which revenue stream or streams), and what spending numbers it is short of (this year’s, last year’s, or some scary number with every earmark possible).
When Mayor Jer told us the city was going to be $20 mil short, he forgot to mention that the budget had gone up about $20 mil, so our revenues were actually just a little under the revenues of the previous year.
I’ve got a great idea — treat us like adults. Let’s see some detailed numbers, and some detailed explanations for those numbers.
And one more thing — I’m sick and tired of this “Kentucky overtaxes businesses” mantra. Answer me this: how does corporate taxes compare to individual and sales taxes in terms of tax revenue? Here’s your answer –
Individual income taxes and sales taxes make up 80% of the revenue budget. Corporate taxes make up only 5%. And a large number of profitable corporations pay no tax at all, through various loopholes.
It’s time for an adults-only, all-options-on-the-table discussion about the way we pay for state government.
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