Budget Agreement Affirms Deep Cuts, Higher Pension Contributions – KY Policy

An uninspiring mess. Austerity for its own sake. Proof that tea party governance is only for those who have and the devil take the hindmost. The performance funding for higher education is a Trojan Horse. It starts at 5% and then where. More importantly, what idiot flaming hoops will be required from the Bell Maker in Chief to get that 5%.

To view this report as a PDF, click here. The budget passed by the General Assembly maintains the governor’s proposed cuts of 9 percent to many parts of government over the biennium and contains a 4.5 percent cut to higher education and flat-funding for K-12 schools. It uses savings from these cuts along with one-time monies to contribute $1.16 billion above base funding over the two years directly to the state’s underfunded pension systems and put $125 million in a “permanent” pension fund. The state’s spending plan will be finalized read more

Source: Budget Agreement Affirms Deep Cuts, Higher Pension Contributions – KY Policy

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