Bill > HB500

This bill outlines the State/Executive Branch Budget for the Commonwealth of Kentucky for the fiscal years beginning July 1, 2025, and ending June 30, 2028, detailing appropriations for the operating and capital projects budgets. It allocates funds across various state cabinets and departments, including specific provisions for salary increments, program funding, and operational expenses. Key areas addressed include funding for general government functions, economic development initiatives, education (with a significant focus on the SEEK program and school facilities), health and family services (including Medicaid benefits and behavioral health services), justice and public safety (covering corrections, state police, and juvenile justice), postsecondary education (scholarships, university funding, and capital projects), and tourism, arts, and heritage. The bill also includes provisions for budget reduction plans in case of revenue shortfalls, a surplus expenditure plan, and details the allocation of Phase I Tobacco Settlement funds for various programs. Important terms include "General Fund" (state tax revenue), "Road Fund" (revenue from motor fuel taxes and vehicle registration), "Restricted Funds" (revenue restricted by law or federal grant for specific purposes), and "Federal Funds" (money received from the federal government). The bill also specifies salary increases for state employees and outlines conditions for capital projects and fund transfers.

Budget and Finance

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