Legislation aimed at reducing Kentucky's debt is headed to the Senate floor. The measure seeks to lower overall debt over time.
The bill limits general fund supported debt to 6 percent of general fund revenues. Sponsor Joe Bowen told budget committee members the state's current debt ratio is at 8.1 percent, including the state's participation in county courthouse construction borrowing.
The Owensboro Republican used a well-known historical figure to further his argument.
"John Adams, one of our founding fathers said that there are only two ways to conquer and divide a nation," said Bowen. "One is by the sword and the other is by debt."