48.130 Budget reduction plan for revenue shortfall of five percent or less to be included in each enacted branch budget bill -- Shortfalls over five percent require legislative action. - Kentucky Statutes

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48.130 Budget reduction plan for revenue shortfall of five percent or less to be included in each enacted branch budget bill -- Shortfalls over five percent
require legislative action. (1) The General Assembly shall include in each enacted branch budget bill a budget reduction plan for a revenue shortfall in the general fund or road fund of five
percent (5%) or less. The budget reduction plan shall direct how budget reductions
shall be implemented if there is a revenue shortfall of five percent (5%) or less. (2) A layoff of state employees in the executive branch under the budget reduction plan enacted by the General Assembly shall comply with the provisions of KRS
18A.1132. (3) Any revenue shortfall in the general fund or road fund of greater than five percent (5%) shall require action by the General Assembly. (4) Upon the issuance of an official revenue estimate by the consensus forecasting group reflecting a revenue shortfall in the general fund or road fund, or upon the
existence of an actual revenue shortfall in the general fund or road fund at the close
of a fiscal year as determined by the Office of State Budget Director, the Office of
State Budget Director shall notify all branches of government. If the revenue
shortfall is five percent (5%) or less, the following actions shall be taken:
(a) The unappropriated balance of funds in the surplus accounts of the general fund or road fund shall first be used to meet the shortfalls in those respective
funds; and (b) If the amounts described in paragraph (a) of this subsection are insufficient to address the revenue shortfall, the enacted budget reduction plan included in
each branch budget bill shall be implemented. (5) The budget reduction plan for each branch of government may provide that the annual increment granted state employees under KRS 18A.355 shall be reduced as
provided by KRS 18A.355. Any reduction of the annual increment shall be uniform
for all employees. (6) No budget reduction action shall be taken by any branch head in excess of the actual or projected deficit. (7) If general fund or road fund tax receipts increase over the revenues estimated in the official revenue estimate that resulted in reductions, then services may be restored
in the reverse order of the reduced services. Effective: June 25, 2009
History: Amended 2009 Ky. Acts ch. 78, sec. 6, effective June 25, 2009. -- Amended 2000 Ky. Acts ch. 46, sec. 17, effective July 14, 2000. -- Amended 1994 Ky. Acts
ch. 387, sec. 2, effective July 15, 1994. -- Amended 1990 Ky. Acts ch. 507, sec. 9,
effective July 13, 1990. -- Amended 1988 Ky. Acts ch. 273, sec. 5, effective July 15,
1988. -- Amended 1986 Ky. Acts ch. 494, sec. 23, effective July 15, 1986. -- Created
1982 Ky. Acts ch. 450, sec. 13, effective July 1, 1983.