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Kentucky Center for Economic Policy

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Analysis

Graphic: New Revenue Wouldn’t Even Cover Basic Costs

Ashley Spalding | August 8, 2013

The graphic below shows that the modest revenue growth recently predicted for the first year of the next budget ($259 million) is not enough to cover even Kentucky’s most basic costs. Among the state’s many needs are: making full payments toward the state pension system, paying for inflation in health care prices, and beginning to restore some of the $1.6 billion in cuts over the last seven years to education, health, human services and other critical areas.

Click here to read more about the revenue forecast.

More On Budget & Tax: Governor Proposes Tight Budget for Ongoing Services, Using Reserve Funds to Help Household Affordability Needs

 

Revenue-Forecast-Infographic-8_1-735x787

 

 

 

 

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Perspectives

Affordability Is a Crisis for Kentuckians. Here’s What State Leaders Can Do About It.

The Fight in D. C. Is About Making Life, and Health Care, More Affordable 

Make No Mistake, The Big Beautiful Bill Weakens Medicaid

The BlueOval SK Union Vote Is a Fight for All Kentucky Workers

Job Corps Closings Raises Question of What Cuts Are Really All About

Other Budget & Tax Items

kentucky governor's mansion

Analysis

Governor Proposes Tight Budget for Ongoing Services, Using Reserve Funds to Help Household Affordability Needs

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Analysis

A State Budget for an Affordable Kentucky: Preview of the 2026–2028 Budget of the Commonwealth

HB 775 Moves Goalposts Again to Give Legislature Permission for More Tax Cuts

Analysis

State and Federal Tax Cuts of the Last Decade Are Giving an Enormous Windfall to the Wealthiest Kentuckians 

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