State Revenue Growth Should Be Put Into Context
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.