LRC Government Contract Review Committee looking to see if state is getting the biggest bang for buck in contracts
07/11/2012 08:08 AM
The Commonwealth of Kentucky getting the best return on their investment was the main concern at an interim meeting of the Legislative Research Commission Government Contract Review Committee.
The committee is reviewing over 1,800 contracts worth 1.72 billion dollars, which is almost double the amount two years ago when close to the same number of contracts totaled $978,000,000.
Committee Chair, Senator Vernie McGaha, R-Russell Springs, said that his committee
needs to scrutinize the contracts and make sure that the state of Kentucky is getting the biggest bang for the buck.
McGaha acknowledges that the dramatic increase in the overall cost of the contracts will not be sustainable in the future. He admits that there will have to a leveling off point which means some helpful programs may have to be cut because the commonwealth simply will not be able to afford them.
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