rainy day

House Republicans unveil two-year state budget with over $1.7 billion in one-time spending

BY: - January 16, 2024

Republican leadership in the Kentucky House of Representatives filed bills representing a much anticipated two-year state budget Tuesday with over $1.7 billion in one-time expenditures, legislation that lawmakers in the GOP-controlled legislature will discuss and craft over the coming weeks.  House Bill 1, filed by House Appropriations and Revenue Committee Chair Jason Petrie, R-Elkton, lays […]

State budget leaders sit at a desk presenting details on the state's rainy day fund.

Kentucky’s ‘rainy day’ fund reaches new heights due to tax revenue surplus

BY: - August 2, 2023

FRANKFORT — Kentucky’s budget reserve trust fund, commonly known as the “rainy day” fund, now sits at more than $3.7 billion in large part due to record tax revenues brought in by the state during the last fiscal year.  State Budget Director John Hicks told state lawmakers at an interim committee meeting Wednesday the budget […]