ATLANTA -- Just nine days before the start of Kentucky's new fiscal year, Gov. Brereton Jones approved a $10.2 billion budget for the 1994-96 biennium that included $288.5 million of new state debt.

The budget became law last Wednesday after Jones vetoed three small sections of the spending package, none of which involved bonds. Jones had threatened to reject the entire appropriations bill because lawmakers meeting in a special legislative session that ended June 17 failed to support him in his bid to win approval of a number of bond-funded projects.

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