GA Schedule Change

The General Assembly has modified its schedule, due to the lack of agreement on the budget. The official release from LRC is below. Essentially, they will be in session on Wednesday and possibly on Friday if an agreement is reached on the budget in the next 24 hours.

Government Strategies -

News Release

March 30, 2010

2010 legislative session to resume tomorrow

FRANKFORT -- Legislative leaders approved a change to the 2010 session calendar yesterday. As a result, the Kentucky General Assembly will not convene in session today, as previously planned.

The Senate will convene tomorrow at 10 a.m. (or the call of the chair) and the House will convene tomorrow at noon.

The revised legislative calendar can be viewed online at http://www.lrc.ky.gov/sch_vist/10RS_calendar.pdf.

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House panel approves revenue measure

The House Appropriations & Revenue committee passed out HB 530 last evening with a committee substitute that contained the House's proposed revenue package including: suspending Net Operating Losses, Accelerated Sales Tax, and other provisions.

HERE is the memo that was handed out to members that provides some summaries and a list of the items that were included in the Committee Substitute. Below is an article from the Courier-Journal that details the hearing as well.

House panel approves revenue measure: "The House budget committee approved a measure Wednesday that would bring in roughly $321 million to the General Fund over the next two years."