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During the first 10 days in office, I have discovered that Kentucky's financial house is in serious disarray. In fact, we have inherited a budget situation easily described as beyond serious.
As reported this week, the Consensus Forecasting Group issued what I interpret as dire warnings about the state's grim revenue estimates.
For example, their numbers indicate a $120 million shortage in collections during the remainder of this fiscal year. I'm speaking of money already obligated. Other formerly made commitments will add to the size of the current fiscal year shortfall.
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