KY closes out 2011 with big surplus

Posted by Kevin Kayse - e-mail

LOUISVILLE, KY (WAVE) - There was some big news Wednesday for the state of Kentucky. Governor Steve Beshear announced that the state closed out the 2011 Fiscal Year with close to a $157 million general fund surplus.

More than 75 percent of that surplus will be deposited into the state's rainy day fund.

The remainder of the surplus, about $35 million, will be used to pay government expenses. That includes recovery from our spring storms and flooding.

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