On Monday afternoon, Kentucky Gov. Matt Bevin held a news conference in Frankfort regarding the Commonwealth’s financial future.
Gov. Bevin called for a special session after saying Kentucky has one of the worst credit ratings.
The special session started Monday night at 8 p.m.
Bevin said he has confidence in the legislature to “get this done.”
The decision comes four days after the state Supreme Court struck down a pension law Bevin signed earlier this year.
Bevin did not say what the legislature would be voting on, but one topic that is expected to be up for discussion is the troubled pension system.
Kentucky has one of the worst-funded pension systems in the country.
The state is at least $38 billion short of the money required to pay benefits over the next three decades.
In a statement released after the conference, Bevin said the legislature must act immediately before the state faces more credit downgrades that will cost taxpayers tens of millions of dollars.
Time is not their ally, he said.