Today in the House we should be voting on a package that will raise taxes on some Kentuckians to help cover a large budget deficit. If it passes, the Senate will vote on Friday.
As you know, tax revenues for the state (all states, for that matter) are down and the 19 billion dollar (two-year) budget that we passed last year cannot be paid for. Therefore, Governor Steve Beshear has to cut spending. We can’t run a deficit, like the Federal government.
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