Senate Majority Leader ’s reluctance to approve what he dismissively called a “blue state bailout” for states struggling to shore up their budgets could devastate the Republican leader’s home state of Kentucky, which is looking at massive budget problems of its own.
Kentucky will face a budget shortfall of at least $318.7 million this year as the pandemic hammers tax revenues, state budget director John Hicks said sent to Gov. Andy Beshear (D) on Thursday. Under the worst-case scenario, Hicks predicted, the shortfall could be nearly $500 million.
Kentucky’s “revenue outlook has changed dramatically due to the COVID-19 pandemic,” Hicks wrote in a letter that accompanied the updated projections. “The economic outlook” for Kentucky, he said in the forecast, “is