Steve Beshear on Budget & Economy


Cut government spending due to the revenue shortfall

Because of the economic slowdown, the cooling of the housing market, oil prices and a gap between what we spend and what we earn, we are facing an unprecedented budgetary shortfall. While this is a situation I inherited, it is my job to fix it. It is not a time for whining or “woe is us”--it is a time for leadership, bold action and temporary cost cutting. We have two options: raise taxes, or cut spending. If the Commonwealth of Kentucky were a family, and we realized we were spending more than we could afford, we’d have no choice but to tighten our belts. Even though state government is not a family, it’s about time we began acting more like one. After all, it is the people’s money, and we need to be as efficient as possible when it comes to taxpayer dollars. Raising taxes is and will continue to be a last resort as long as I’m Governor. So, that leaves cutting government spending. We can wring more efficiency out of state government and I intend to do just that.
Source: Kentucky 2008 State of the State Address , Jan 14, 2008

Some budget priorities won’t go away despite budget crisis

In the short-term, this budget crisis will unfortunately reduce our ability to make major new investments in some important priorities. However, the need to lower prescription drug costs for our senior citizens will not go away! The need to increase college aid and job training will not go away! The need to send colleges and universities better prepared students will not go away! The need to invest in new 21st century jobs will not go away. I remain fully committed to those priorities.
Source: Kentucky 2008 State of the State Address , Jan 14, 2008

Revenue situation becomes a golden opportunity for change

Ironically, the revenue situation I inherited becomes a golden opportunity to change the way we do business in Kentucky. It is an opportunity to make every state agency leaner, more efficient and more responsive. It is an opportunity to begin preparing Kentucky to compete in the new economy. It is a way to focus on economic development that will create a stronger economy with jobs of the future rather than those of the past.
Source: Kentucky 2008 State of the State Address , Jan 14, 2008

Other governors on Budget & Economy: Steve Beshear on other issues:

KY Senatorial:
Alison Grimes
Matt Bevin
Mitch McConnell

Gubernatorial Debates 2015:
KY: Conway(D) vs.Bevin(R)
LA: Vitter(R) vs.Dardenne(R) vs.Edwards(D)
MS: Bryant(R) vs.Slater(D)
Gubernatorial Debates 2016:
DE: Bonini(D) vs.Carney(R)
IN: Pence(R) vs.Gregg(D)
MO: Hanaway(R) vs.Brunner(R)
MT: Bullock(D) vs.Perea(R)
NC: McCrory(R) vs.Cooper(D) vs.Spaulding(D)
ND: Dalrymple(R) vs.Heitkamp(D) vs.Pomeroy(D)
NH: Hassan(D) vs.Bradley(R)
OR: Brown(D)
UT: Herbert(R) vs.Matheson(D)
VT: Shumlin(D)
WA: Inslee(D) vs.Bryant(R)
WV: Kessler(R) vs.Cole(D)
Newly-elected governors (first seated in Jan. 2015):
AK-I: Bill Walker
AR-R: Asa Hutchinson
AZ-R: Doug Ducey
IL-R: Bruce Rauner
MA-R: Charlie Baker
MD-R: Larry Hogan
NE-R: Pete Ricketts
OR-D: Kate Brown
PA-D: Tom Wolf
RI-D: Gina Raimondo
TX-R: Greg Abbott

Lame ducks 2015-16:
DE-D: Jack Markell
(term-limited 2016)
KY-D: Steve Beshear
(term-limited 2015)
LA-R: Bobby Jindal
(term-limited 2015)
MO-D: Jay Nixon
(term-limited 2016)
VT-D: Peter Shumlin
(retiring 2016)
WV-D: Earl Ray Tomblin
(term-limited 2016)
Civil Rights
Foreign Policy
Free Trade
Govt. Reform
Gun Control
Health Care
Homeland Security
Local Issues
Social Security
Tax Reform

Contact info:
Email Contact Form
Fax number:
Search for...

Page last updated: Jun 30, 2015