FRANKFORT, Ky. (AP) - Gov. Steve Beshear says the state should authorize $145.5 million in agency bonds to pay for a host of expansion projects at Kentucky’s community and technical colleges.
The proposal is part of the governor’s two-year state General Fund budget plan he presented to Kentucky lawmakers. He outlined his priorities in a speech to a joint session of the House and Senate Tuesday night.
Beshear says the community and technical college system has grown to about 100,000 students. He says the General Fund can’t meet the system’s infrastructure needs.
So he says KCTCS leaders recommended issuing agency bonds for up to 75 percent of project costs. The remaining 25 percent will come from local communities and other public or private sources.
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