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Mon January 25, 2010
Session's Week Four
By Tony McVeigh
Frankfort, KY – Now that Kentucky's legislative leaders have rejected Gov. Beshear's budget plan based on casino gambling, they're looking for other revenue sources. Senate President David Williams says a major overhaul of the state's tax system may not be the answer.
"The answer to our problems is not in just getting more money," Williams says. "The answer to our problems is to hold our expenditure level down, that was already growing beyond the growth in our income growth when the economy was healthy."
Gov. Beshear says the state could be facing a revenue shortfall of one-point-five billion dollars in the next biennium. Lawmakers are searching for solution to the anticipated deficit and have just 47 more days to find it.