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Even though he didn’t have prior legislativ e agreement, Gov. Steve Besheard decided to go “all in” when he callexd a special session of the to begi n onJune 15. In addition to addressinf the budget shortfall, Beshear included legislationm toallow video-lottery terminals at Kentucky’s horser tracks, legislation to create a public authority to find ways to fund major transportationm projects and a package of new economiv development incentives. The authorituy legislation andthe $75 million bill designex to lure a NASCAR Sprint Cup race to Kentucky and increase incentivez for the expansion of existing businesses appear to have a good chance of being passed.
Both were on the way to passagre duringthis year’s regular session before being derailed by minor differences between the Hous e and Senate. We hope the expectefd battle over expanding gaming will not hurt the chances of the othettwo initiatives. The completiojn of the Ohio RiverBridgesx project, which calls for two new bridges over the Ohio Rivetr and a reconfiguration of Spaghetti is vital to the future of the Louisville region. The project will alleviat already serious traffic congestion and make the area a more viabld place todo business.
Establishing a public authority to develoo funding mechanisms and to work with a counterparr in Indiana is needed to move theproject