Glasgow Daily Times, Glasgow, KY

Local News

July 19, 2013

Budget has $70.6M surplus

LOUISVILLE — The state budget director announced Friday the state finished the fiscal year with a $70.6 million surplus — but Budget Director Jane Driskell cautioned it doesn’t mean next year will be an easy one for the state budget.

Driskell attributed the surplus primarily to decreased spending by “cash-strapped state agencies” and “a small bump in General Fund revenues.”

But she said the new budget year, which began July 1, includes the same budget cuts in place last year which forced agencies to cut back on spending. Driskell said that will continue the challenge facing state agencies to deliver services while the costs of doing so increase.

 

Read more of this story in the print or digital Glasgow Daily Times. http://glasgowdailytimes.cnhi.newsmemory.com/

 

 

 

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