Kentucky’s budget — once a barometer of the governor’s and legislators’ priorities — has become something far different in the past five years. A devastating national recession caused state tax revenues to plunge far below expectations. And required spending to address a severely underfunded state pension system, Medicaid and state debt has pinched off new dollars for traditional priorities like education.
http://www.courier-journal.com/article/20120722/NEWS01/307220008/Recession-required-spending-has-Kentucky-budget-pickle?nclick_check=1
