Kentucky May Face $500 Million Budget Shortfall

Kentucky Capitol

(Frankfort, KY) - Kentucky could face a large revenue shortfall for the fiscal year because of the COVID-19 pandemic. 

A budget report released Thursday cites the economic shutdown that has put thousands of Kentuckians out of work as the reason for the projected budget gap that could be as high as $500 million. Such a shortfall would create the first decline in Kentucky's General Fund since a decade ago. 

Kentucky Republican and Senate Majority Leader Mitch McConnell has opposed any COVID-19 relief bill that includes aid for state governments.

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