Stumbo predicts speedy turnaround on proposed budget with negotiations to begin Monday

03/23/2012 02:20 PM

House Democratic leaders say a budget compromise is likely, and expect the middle ground can be reached by the end of next week.

House Speaker Greg Stumbo, D-Prestonsburg, told reporters at the Capitol Friday that the two chambers were fairly close. He said some missing pieces from the House version of the budget — such as the use of multi-county coal severance tax money to pay for scholarships for Eastern Kentucky students to go to college — could have been a hold out as a negotiating point for senate budget plans.

“We may have approached it in a different manner but at least we’re addressing the issues,” Stumbo said. “If that’s the case we ought to be able to come to some middle ground to formulate a budget.”

A conference committee to help negotiate the budget plans is expected to meet on Monday.

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