Revenue Options that Strengthen the Commonwealth
February 2, 2016
Kentucky has good options to fairly generate new revenue and put an end to year after year of deep cuts to vital public investments, as outlined in a report by the Kentucky Center for Economic Policy (KCEP).
The report, “Revenue Options that Strengthen the Commonwealth,” identifies more than 30 options to clean up Kentucky’s tax code, raise new revenue and restore and sustain critical investments in schools, higher education, health and more. These options and others are an alternative to even deeper cuts to public investments.
The options include limiting income tax breaks for high earners, expanding the sales tax base to include services and closing special interest loopholes that are draining resources from the state budget. The report also suggests reforms to help the struggling Road Fund.
You can view the report here.