UPDATE: Senate Passes its Version of KY Budget

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FRANKFORT, Ky. (AP) -- The Kentucky Senate has passed its version of a $20 billion, two-year state budget that differs from the House's plan on some key points.

The plan that passed the Senate on a 25-2 vote 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 universities.

"In talking with the presidents and the universities, would they rather have the money from their operating budget back in at 2.5% or have the projects? It was one of those things," said Sen. Mike Wilson, R-Bowling Green.

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 preserves putting more money into the state's main funding formula for kindergarten through 12th-grade classrooms.

House and Senate negotiators will try to iron out a final version of the budget in coming days.


-- A Kentucky Senate committee has advanced a proposed $20 billion, two-year state budget that differs from the House-passed plan on some key points.

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.

The legislation is House Bill 235.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)




 
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