From Frankfort

State orders 17.4 percent budget cuts in anticipation of $200M shortfall

09/08/2017 01:31 PM

Many state agencies and constitutional offices must cut spending by 17.4 percent as the state faces a $200 million budget shortfall and hopes to build its reserves to $150 million, State Budget Director John Chilton announced in a letter Friday. The move comes about a month after the Consensus Forecasting Group estimated that state revenues would come $206.2 million short of budgeted amounts in fiscal year 2018. The state plugged a $138.5 million budget hole at the close of fiscal... Read more 

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