2016 Legislative Update…Budget Impasse

2016 Legislative Update…Budget Impasse

Speaker Stumbo and President Stivers announced moments ago that the Budget Conference Committee has reached an impasse and at the current time is unable to reach an agreement on a two-year spending plan for the state.

The Conference Committee was up against a deadline to get the budget agreed to and printed in time for a vote late tomorrow in order to preserve the General Assembly’s ability to override any vetoes that might be issued by the Governor. Stivers and Stumbo left the door open to further negotiations before the session officially ends in mid-April, but obviously the ability to override any vetoes on the budget has been lost.

Our understanding of the schedule given this budget impasse is that:

  • Day 59 of the General Assembly session will convene tomorrow, Friday at Noon;
  • Day 60 of the General Assembly session will convene on April 12, but we suspect this could change if further negotiations on the budget prove to be fruitful.

It is still too early to know for sure what specific hang-ups may have prevented an agreement at this time, but the main issues that seem to be at play were: cuts to higher education, the level of funding to public employee pensions, and cuts to the Judicial Branch budget. The Governor’s presence was notable in the last few days of the budget conference committee and seemed to have an impact on the negotiations.

We will continue to monitor the situation and provide any additional analysis.

Keeping You Informed

As in past years, we will continue to communicate with you weekly with bill tracking lists (click HERE to download current bill list), summaries of legislative actions and dynamics, and specific bills of interest. We will also, of course, contact you immediately as issues of particular interest or concern arise. Don’t forget to schedule time for our KAM Conversation Conference Calls, which will take place on Thursdays, at 4:00 EST, throughout the Legislative Session.  We invite KAM Members to call and take part in this dialog each week.

Calendar & Key Dates

You can access the session calendar HERE. Please keep in mind that this calendar can change if the legislature decides to shift days. We will let you know if that happens; however they must adjourn by April 15, according to the Constitution. Below are specific dates of interest.

March 28 and 29 – Concurrence Only

March 30-April 9 – Veto Recess

April 12 – Sine Die

Meet the KAM Governmental Affairs Team here.

Your One-Stop Source For KAM Information: www.KAM.us.com

Don’t know who your elected representatives are? Click here to reach the Action Center of the Kentucky Prosperity Project to find this and other important information to help you make your opinion heard on matters affecting you and your business!

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