
Lawmakers Approve Almost $3 Billion in One-time Expenditures from Budget Reserve Fund
Clip: Season 2 Episode 217 | 3m 10sVideo has Closed Captions
Lawmakers approve almost $3 billion in one-time expenditures from budget reserve fund.
Kentucky lawmakers separate recurring expenses from one-time investments in this year's budget process. House Bill 1 includes $220 million for projects like the aviation program at Eastern Kentucky University, a vet tech program at Murray State University, and the applied energy research program at the University of Kentucky.
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Kentucky Edition is a local public television program presented by KET

Lawmakers Approve Almost $3 Billion in One-time Expenditures from Budget Reserve Fund
Clip: Season 2 Episode 217 | 3m 10sVideo has Closed Captions
Kentucky lawmakers separate recurring expenses from one-time investments in this year's budget process. House Bill 1 includes $220 million for projects like the aviation program at Eastern Kentucky University, a vet tech program at Murray State University, and the applied energy research program at the University of Kentucky.
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Historic levels of funding for projects and programs in communities across the state.
Kentucky lawmakers separated recurring expenses from one time investments in this year's budget process.
House Bill one that lawmakers finalized last night, deals with one time expenditures from the budget Reserve Trust fund to the tune of nearly $3 billion.
Here's some of the highlights.
62 million is going to Medicaid, 230 million is going toward the unfunded liability in the pension systems.
Railroads, river ports, drinking and wastewater grants are seeing investments.
100 million is going toward mega development projects.
A $50 million Western Kentucky Training Academy will be built in Madisonville.
100 million for downtown Louisville Revitalization.
10 million for affordable housing in Lexington.
36 million for the Kentucky Horse Park.
125 million for the Commonwealth Center for Biomedical Excellence and 35 million in capital improv Kentucky universities are also scoring for some of their priority projects.
House Bill one includes $220 million for projects like the aviation program at Eastern Kentucky University, a vet tech program at Murray State University and the Applied Energy Research Program at the University of Kentucky.
This is a historic moment in the Commonwealth, too, where we are spending out of the budget reserve trust fund, but maintaining a responsible 45 day worth of expenditures across the biennium.
Particularly House Democratic floor leader Derek Graham, a Frankfort, the home of Kentucky State University, was disappointed that the Republican budget crafters ignored the historically Black University's funding request for a nursing building.
This is not the first time that they have not been able to receive the funding that they have requested.
When there are others, the other universities, particularly the research universities and either the young and the other comprehensive universities.
They have been successful.
This time in this budget to get most of what they want.
And the main thing, the Kentucky State University said they want it was this nursing program.
They need it.
They need a new building and they have the students and they've been successful.
Branch Senate Budget Chairman Chris McDaniel says the allocations reflect a long period of intense fiscal discipline.
We found ourselves in a place where we were called upon to act in ways that we've really never seen before, at least in my tenure in the General Assembly.
To invest in the future of the Commonwealth, to invest in the future of our communities and for all of our people.
The Senate approved the plan with one dissenting vote.
Last night the House signed off on it 86 to 10, and it now waits for the Governor's review.
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