House members briefed on budget - WDRB 41 Louisville News

House members briefed on budget

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Kentucky House Speaker Greg Stumbo says a proposed state spending plan drafted by House leaders includes sacrifices that are "fairly minuscule."

House Democratic leaders briefed rank-and-file members Tuesday on the outlines of a budget blueprint for the two-year budget cycle beginning July 1.

House budget committee chairman Rick Rand told reporters that a final revenue number has been settled on that creates about $75 million in extra funds in the second year of the budget.

The plan doesn't raise tax rates but includes such things as accelerated sales tax collections and a temporary suspension of tax write-offs for businesses reporting losses. The proposal also relies on spending cuts and other steps to help overcome a massive shortfall.

Rand is predicting the plan could be voted out of the House budget committee next week.

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