From the KCEP: House Budget Makes Adjustments Including to Employee Raises, Social Workers and Rainy Day Fund and Contains No New Revenue
By JASON BAILEY
Kentucky Center for Economic Policy Executive Director
The House budget plan includes many of the same priorities that the governor proposed, but contains a different emphasis in a variety of areas. Compared to the governor’s budget, the House budget proposes a smaller raise for teachers and a 1% raise for other school district employees not included in the governor’s plan; fewer new social workers but higher social worker salaries; and more money for the rainy day fund with an additional $89 million as opposed to $10 million more in the governor’s plan. Unlike the governor proposal, the House budget includes no new revenue.
Both proposals stop the trend of budget cuts, but in many areas funding will continue to erode due to inflation, which is projected at approximately 2.5% a year according to the Congressional Budget Office.
Budget spreads out teacher raise, provides slightly less to core school funding overall