Typically, the governor’s annual State of the Commonwealth address, delivered to a joint session of the House and Senate, typically focuses on the accomplishments made for the betterment of Kentucky, but this year’s address by Gov. Steve Beshear focused on the serious fiscal challenges our commonwealth faces. According to the governor, the projected revenue won’t cover current and prior commitments, including areas of education and our public pension system.
While we in the General Assembly know there are financial problems in Kentucky, Beshear offered up few specifics toward reforming our public pension system or funding our educational system. And as far as comprehensive tax reform, it appears the governor will push for a special session to address this issue.