Indiana isn’t the only state reveling in the joys (insert your own joke here) of a special session – our neighbors to the south called back lawmakers for their own budget issue. Unlike Indiana, Kentucky is facing a nearly $1 billion budget shortfall.
While the race to finish a budget continues here, Kentucky legislators sent a revised plan to the governor on Wednesday (see story) . Several decisions being made in the Bluegrass state directly affect Hoosiers:
Legislation that would have allowed video slot machines at Kentucky horse tracks squeezed through the House, but failed in Senate committee this week (had this passed it would have meant fewer Kentuckians crossing state lines and less revenue for Indiana). This has been an ongoing debate in Kentucky, and this surely won’t be the last attempt by proponents.
Several years in the works, Kentucky finally has developed a funding plan for its share of the Ohio River Bridges Project, which would allow for two new bridges connecting the two states. (Read the 2005 BizVoice® story and the 2007 update.) Indiana plans to fund its portion of the project with Major Moves money.
Now back to the countdown closer to home. We didn’t fare too poorly in Kentucky – we’ll see what happens here though.