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Kentucky facing budget shortfall of nearly $500 million due to conditions caused by pandemic

By Tom Latek Kentucky Today A report issued Thursday by the state budget director’s office shows a potential general fund revenue shortfall of $318.7 to $495.7 million for the 2020 fiscal year that ends June 30, due to conditions caused by the coronavirus. In the Quarterly Economic and Revenue Report for the third quarter of fiscal year 2020, state Budget Director John Hicks said, “The revenue...