Bill > HB500

This bill outlines the state budget for the Commonwealth of Kentucky for the fiscal years 2026-2027 and 2027-2028, detailing appropriations for various government operations and functions. It allocates funds across different parts, including the operating budget, capital projects, general provisions, state salary and compensation policies, funds transfers, and budget reduction plans. Key provisions include funding for state agencies like the Office of the Governor, Department of Veterans' Affairs, Department of Education (including the SEEK program), and the Justice and Public Safety Cabinet, with specific allocations for programs such as school safety, veterans' support, and law enforcement. The bill also addresses debt service, capital projects, and the use of tobacco settlement funds for various initiatives. It includes provisions for salary increments for state employees, outlines procedures for managing budget shortfalls, and details the expenditure of General Fund and Road Fund surpluses. Furthermore, it specifies how tobacco settlement funds will be distributed for agricultural, early childhood, and healthcare initiatives, and provides a summary of the overall state and executive branch budget.

Budget and Finance

https://apps.legislature.ky.gov/record/26RS/hb500.html