Adkisson on the Budget
Frankfort, KY – The house budget plan was the topic of discussion today as Kentucky business leaders met with House legislative leaders. State Chamber of Commerce President Dave Adkisson says more than two dozen business groups were represented at the briefing. He says the Chamber supports certain cost containment measures in the budget. But, Adkisson says a proposal to accelerate corporate tax collection is a concern. House speaker pro tem, Larry Clark says participation by business interests may lessen the need to cut education funding.
"Well I think we got the votes to pass it and we told them what we'd like to do in the second year of the budget put in their that if consensus forecast in December shows we got a revenue increase that would the first initiative we would take over the table and make them whole."
Adkisson says the business representatives didn't try to negotiate a deal on the matter. He says the accelerated tax collection proposal comes during a fragile' economic time.