Tax Increase Off the Table
Frankfort, KY – Tax increases will likely not be the solution to an anticipated one billion dollar hole Kentucky's budget next fiscal year. Governor Steve Beshear said in April that all options for filling the deficit were on the table, including higher taxes. But The Courier-Journal reports officials, including Beshear, House Speaker Greg Stumbo, and Senate President David Williams say a tax increase would be a burden on working families and small businesses. Education and social service advocates say without any tax increases, public workers will not be able to continue to offer services to Kentuckians.