BRADENTON, Fla. — Facing a potential $1.5 billion shortfall over the next two years, Kentucky Gov. Steve Beshear Tuesday night recommended an $18.4 billion biennial budget to lawmakers that calls for a total of $1.53 billion of new debt.

Beshear said his budget plan for fiscal 2011 and 2012 is balanced, and does not include tax hikes or across-the-board layoffs.

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