BRADENTON, Fla. — Kentucky Gov. Steve Beshear is warning that the Legislature’s failure to adopt a budget could lead to a shutdown of government for the first time in the state’s history.

The new budget also is necessary to fund debt service for the fiscal year that begins July 1, Beshear said Wednesday.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.