Monday, May 25, 2009
Higher Taxes To Gap Budget Shortfall Unlikely
Governor Steve Beshear announced April 30th. that an anticipated revenue shortfall between $800 million and $1.1 billion for the next fiscal year would put all options on the table, including higher taxes. In a statement released last week, Beshear said, "It is becoming increasingly clear that now is not the time to raise taxes on working families and small businesses." Advocates for public education and state-funded social services say it's chilling to consider closing the gap without new tax revenue, while advocates for tax reform vow to press against political headwinds to get support for their ideas.
# posted by Homer Owens @ 8:10 PM 
