• The debt service ratio is lower than what was proposed by the Governor and the House – 6.7%.
  • The structural imbalance is lower than what was proposed by the Governor and the House – $207.7 million.
  • Fully funds the increased cost of the actuarially required contribution (ARC) to the Kentucky Employees Retirement System and the Kentucky State Police Retirement System.

Affordable Care Act

  • The budget prohibits state funds from being used to implement Affordable Care Act.

K-12 Education

  • Provides close to $6 billion for SEEK appropriation .
  • Increases the SEEK base to $3,911 in the first year, $3,981 in the second year.
  • Unexpended SEEK funds will be applied to the KTRS.
  • Provides salary increases for public school teachers and staff.
  • Provides an additional $18.7 million in the second year for preschool children services for four-year-olds whose family income within 160% of the federal poverty level.

Postsecondary Education

  • Reduced funding by 1.5% rather than the 2.5% proposed by the Governor and the House.
  • Allows all KCTCS school to move forward with projects, funded by a combination of local contributions and student fees approved by the local KCTCS board.

State Employees

  • Approves the first pay raise for state employees since 2008.