A panel of economists has revised downward its prediction of how much Kentucky will make in tax revenue by the end of the fiscal year in June and Gov. Matt Bevin is expected to make cuts to state spending soon
The Consensus Forecasting Group on Friday predicted that the state will be $156.1 million short of initial projections.
State Budget Director John Chilton said he expects Gov. Matt Bevin will make cuts to state spending before the end of the calendar year to help avert a budget shortfall.