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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: Concerned About Your Property Tax Bill? Blame State Tax Cuts

 

Revenue-Forecast-Infographic-8_1-735x787

 

 

 

 

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Perspectives

Concerned About Your Property Tax Bill? Blame State Tax Cuts

Voters are Revolting Over Affordability. Here’s How to Respond.

Deep Medicaid Cuts Have Been Averted in the Past. Is This Time Different?

Wendell Berry’s Death Should Be His Revival

This Fourth of July, Patriotism Includes Honoring Our Immigrant Neighbors

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How Data Centers Could Skirt Local Taxes

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