State Revenue Growth Should Be Put Into Context

By Jason Bailey
August 5, 2011

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 slowly emerging from a deep hole, and continued growth is very uncertain. Without tax reform, revenue is expected to continue declining as a share of the Kentucky economy. And high unemployment and longstanding budget needs mean serious demand for whatever revenues the state can generate.

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