Governor Patton Calls for Bipartisan Dialogue
Bowling Green – Governor Paul Patton is calling for bipartisan dialogue to address Kentucky's financial woes.
The Governor released a 26-page report documenting the causes of the revenue shortfall.
He said without an increase in revenue, additioinal cuts of $144 million will have to be made in the Fiscal Year 2003 budget followed by an additional $365 million in the 2004 Fiscal Year.
The Governor pointed to the state's outdated tax code, failing corporate support, and 26 different tax cuts implemented during his administration as key aspects of the current financial situation.