WKU Public Radio News Staff
Mon March 24, 2014
Kentucky Senate Passes New Two-Year Budget
The Kentucky Senate by a vote of 25-2 has passed a $20 billion, two-year state budget that differs from the House-passed plan on some key points. Eleven senators passed.
The version that emerged 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 the universities that the House backed.
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 maintains putting more money into the state's main funding formula for kindergarten through 12th-grade classrooms.
The Senate also backs funding cuts of 5 percent for many state agencies, as the House did.