Kentucky governor points to new sign of economic recovery

FRANKFORT, Ky. (AP) — Gov. Andy Beshear is pointing to another sign of Kentucky’s economic recovery from the pandemic. A credit rating agency recently upgraded its assessment of the state’s financial outlook. Beshear said Wednesday the upgrade shows the state is “poised to sprint out” of the pandemic. It’s a turnaround from a year ago, when coronavirus-related shutdowns had the state bracing for a prolonged downturn. Infusions of federal aid helped prop up the economy, and revenue collections ended up being more resilient than expected. House Speaker David Osborne says Republican lawmakers deserve credit for taking a “fiscally disciplined” approach in crafting the state budget.