August 16, 2016
As Kentucky’s economy continues to grow, the state’s revenue intake reflects that growth less and less. Just over the last year from fiscal year 2015 to 2016, state personal income (a good measure of economic growth) grew by 4.7 percent in the Commonwealth, but the state’s General Fund grew by only 3.7 percent.
The disparity is reflective of a 25-year trend in which revenue hasn’t been keeping up with the economy. That means instead of being able to reliably maintain our investments in excellent schools, affordable higher education, job training read more