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Top lawmakers open negotiations on new Kentucky budget

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Posted at 5:10 AM, Mar 24, 2020
and last updated 2020-03-24 05:11:52-04

FRANKFORT, Ky. (AP) — Kentucky’s legislative leaders warned Monday of the severe challenges to crafting a new state budget as the coronavirus shrinks state tax collections and inflicts other economic damage.

House and Senate budget negotiators began the task of seeking agreement on a two-year state budget — the centerpiece of their work in the days remaining in a legislative session shortened by the virus.

The conferees met as other lawmakers were back home for a weeklong break that will continue until they reconvene Thursday.

House Speaker David Osborne and Senate President Robert Stivers warned that a contracting economy due to efforts to contain the virus’ spread will hurt tax revenue collections.