Economy
3:26 pm
Wed April 2, 2014

Economic Policy Expert: Proposed State Budget Doesn't Do Enough to Correct Revenue Shortfalls

Senate President Robert Stivers speaks with reporters in the Kentucky Senate.
Senate President Robert Stivers speaks with reporters in the Kentucky Senate.
Credit Kentucky LRC

The director of one of Kentucky’s leading non-profit economic policy think tanks says the recently-passed state budget fails to address the state’s revenue problem.

Jason Bailey, the director of the Kentucky Center for Economic Policy, says the budget, which includes five percent cuts to over a dozen state agencies, reflects the 14th round of harmful cuts since 2008, and doesn't do enough to generate new revenue.

“There are areas that have been time after time after time, so I think for higher education, for human services, for areas like environmental and public and worker protection, I think those systems will be frayed even further by the cuts that we’ve seen.”

Bailey adds that the revenue bill passed by the legislature that gives tax breaks to the bourbon industry and beer and wine wholesalers aren’t worth the cuts to important state agencies.