FRANKFORT, Ky. — Economic damage from the coronavirus will force more than $450 million in cuts to Kentucky's General Fund. It also could lead to a special legislative session to downsize the Road Fund.
The necessity for budget cuts was officially set in motion Friday. That's when a panel of economists reduced its revenue projections for the current fiscal year.
The job of cutting about $457 million from the General Fund will fall to Gov. Andy Beshear. He says a special legislative session is needed to reduce the Road Fund. That’s because the new projection for Road Fund revenues amounted to a larger percentage drop.
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