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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: Tax Breaks for Facebook, Amazon and Google? Beshear Vetoes Bill Meant to Lure Data Centers

 

Revenue-Forecast-Infographic-8_1-735x787

 

 

 

 

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Perspectives

American Rescue Plan Is a Lifeline for Kentuckians

The 2021 General Assembly Can Meet the Moment with Policies that Advance Racial Equity

Letter to the Kentucky House of Representatives on Raising the Inadequate Tax Rate on HHR Slot Machines

Voucher Would Drain Much-Needed Resources from Kentucky’s Public Schools

Coalition Letter to Kentucky General Assembly: End the Tax Break on Slot Machines

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Corporations Were the Primary Focus of One-Time Monies in General Assembly

Analysis

Governor Should Veto Expensive, Poorly Targeted Tax Breaks for Remote Workers and Data Centers

Analysis

Legislature Spends Additional Federal and General Fund Monies on Session’s Last Day

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