- Associated Press - Thursday, January 11, 2018

FRANKFORT, Ky. (AP) - Kentucky state Treasurer Allison Ball is supporting a bill aimed at ending her office’s reliance on taxpayer money.

A bill advanced by the House State Government Committee on Thursday would allow her office to pay for all its operations by using funds generated from unclaimed property.

Ball’s office receives about $2 million from the state General Fund each year and about $250,000 in state road funds. It’s a small amount compared to the overall state budget, but Ball says “every penny helps.”

Ball, a Republican, says half of her agency’s operations are now funded through unclaimed property funds. She says fully funding her office that way would not jeopardize that fund.

The bill’s sponsor, Republican Rep. Ken Fleming, praised Ball and her staff for “out of the box, creative thinking.”

___

The legislation is House Bill 88.


Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide