What, no press conference for this?

Governor Steve Beshear called a press conference today to announce that the state sold a 2.1 acre lot in Frankfort to Franklin County for $78,750. He added that the state has sold state property worth a total of $7.45 million since January 2010.

Apparently, no one asked him on follow-up about next week’s expected $362 million Kentucky State Property and Buildings bond offering. And that’s too bad, in the interest of painting an accurate fiscal picture, because about a third of that money represents debt restructuring Beshear and the General Assembly are using to make the state budget appear balanced.

Additional taxpayer costs generated by this smoke-and-mirrors game total around $30 million. Neither of the gubernatorial campaigns have drawn attention to this fact. Go figure.

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s