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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: Shorting State Workers’ Pay Hurts Us All

 

Revenue-Forecast-Infographic-8_1-735x787

 

 

 

 

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Perspectives

Shorting State Workers’ Pay Hurts Us All

Cutting Bourbon Industry Taxes Harms the Communities That Sustain It

Lawmakers Should Help Our Kids, Not Lock More Up in Failing Juvenile System

Income Tax Reduction Is Another Blow to Rural Kentucky

Kentucky Should Not Volunteer for Greater Inequality by Becoming More Like Tennessee

Other Budget & Tax Items

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Analysis

HB 444 Leaves $110 Million On the Table for State Worker Pay

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Analysis

‘Transplant’ Bill Would Give Large Windfall to Companies Recruiting Remote Workers

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Analysis

Eastern Kentucky Needs Legislature’s Help to Address Post-Flood Housing Crisis

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