After a nearly year-long review, Kentucky's Commission on Tax Reform has approved recommendations that could generate nearly $700 million a year.
Some $500 million of that would come from individual income taxes. Another $200 million would be generated by expanding the state's sales tax to household utilities and several services that have traditionally been exempt.
A school district in south-central Kentucky has canceled classes for the remainder of the week citing low attendance due to illnesses. Monroe County school Superintendent Lewis Carter told the Glasgow Daily Times that officials made the decision after attendance on Monday dropped to just 81 percent. He says just a week previous to that, the district had 96 percent attendance.
However, the number had dropped to 91 percent within four days.
The Blue Ribbon Commission on Tax Reform is scheduled to meet Thursday to craft recommendations for Gov. Steve Beshear. The meeting begins at 10 a.m. EST in a conference room at the Kentucky Higher Education Assistance Authority's headquarters at 100 Airport Road in Frankfort.
Beshear appointed the panel earlier this year to recommend a simpler tax code that would generate enough revenue to meet state needs even during recessions.
In Thursday's meeting, Beshear said the commission will review Kentucky's individual income tax to see if changes are needed there.