Early last month, Kentucky Governor Steve Beshear’s Blue Ribbon Commission on Tax Reform held its first meeting to begin the process of addressing a long-discussed issue in the Commonwealth. They’ll wrap up their workshops early next month and begin a series of public meetings around the state with a session in Paducah in late May. Tax reform is a complex and contentious set of issues, and to get some perspective on how the commission will navigate those issues, I sat down with one of its members, CSI Chairman and former board chairman of the Federal Reserve Bank of Saint Louis, John Will
Kentucky Governor Steve Beshear has appointed a 23-member ‘blue ribbon commission’ to study the state's tax system and propose a reform plan. The commission will be headed by Lt. Governor Jerry Abramson and will review the state's current tax system and make recommendations by November 15th. Beshear says the state needs to ensure it has a tax system that produces adequate revenue to meet Kentuckians’ needs. He also says tax revenue has been growing at a rate of 70 to 75 percent of the economy's growth and state government has cut spending by $1.3 billion.