Tax Expenditures Big Cause of Budget Problems, but Some Legislators Want More
There are three main reasons that the budget the legislature is now considering includes so many cuts. First, the economy...
State Tax
Governor’s Budget Proposes Deep Cuts on Top of Past Reductions
The Governor’s budget proposes cuts of up to 8.4 percent to many state services that have already been slashed deeply over the last few years. The cuts would leave even...
Letter: What a Tax Reform Plan Should Include
Governor Beshear has said that he will announce plans for addressing tax reform in the coming weeks. Here's what should be in a tax plan that would move Kentucky forward....
Kentucky Faces Serious Challenges with Next Budget
Lawmakers face a grim financial situation when they meet in January to craft a new budget for 2013 and 2014. The state has balanced past budgets in part by pushing...
State Revenue Growth Should Be Put Into Context
The first of a series of state estimates projects modest revenue growth over the next few years. But increases in revenue should be put into context. The economy is only...
One-Dimensional Reports Overlook Well-Documented Revenue Problem
By ignoring Kentucky's revenue problems, the Kentucky Chamber of Commerce's "Leaky Bucket" reports offer a narrow and potentially harmful response to the state budget picture. While smart spending decisions are...
2011 Revenue Results a Reminder of Importance of State Income Taxes
The $166 million in state revenues above projections for the fiscal year that just ended are helping prevent additional cuts to critical state services. They are also a reminder of...
Corporate Taxes Important to Meeting Kentucky’s Needs
Taxes on corporations help pay for needed investments in education, infrastructure and other areas. Yet some legislative leaders have floated the idea of eliminating the corporate income tax. Rather than...
Presentation: Building the Commonwealth through Tax Reform
KCEP conducts public presentations about the state budget, tax system and economy. To inquire about a speaker, please contact us by email at info@kypolicy.org or by calling 859-986-2373. A sample...
What Are Taxes For?
Tax Day is an important time for Kentuckians to consider the role of government in our state and nation. Taxes are a critical tool for doing things together that we...