The Courier-Journal is reporting that Kentucky Gov. Steve Beshear will consider proposing an expanded gambling package this year that does not include increased gaming at the state's horsetracks.
Beshear says that may be the only way he can get a gambling bill passed in the state legislature.
The Governor has tried unsuccessfully in the past to get a casino gambling bill through the Kentucky Senate. Expanded gambling supporters have hoped that last year's retirement of former Senate President David Williams, who opposed increased gaming, would better the bill's odds in 2013.
A decline in coal mining tax revenue has many of Kentucky’s top officials concerned. House Speaker Greg Stumbo and Governor Steve Beshear say they are worried about the declining revenues form the coal severance tax.
The tax is used for a variety of state, county and local infrastructure projects, mostly in Eastern Kentucky. Beshear says the drop in revenue reflects the tough market for Kentucky coal.
“I am concerned about the coal severance receipts, they are down, they’re down significantly. And that because coal mining is down significantly, the tons of coal mined has dropped.”
Beshear says exports, mainly to India and China, could help the revenues rebound. However, the first shipment of coal in a celebrated trade deal with an Indian company is months behind schedule.
Originally published on Thu December 27, 2012 2:18 pm
Even as Air Force One was about to land in suburban Maryland this morning — bringing President Obama back from his vacation in Hawaii to resume negotiations aimed at avoiding the so-called fiscal cliff of automatic tax increases and spending cuts — Senate Majority Leader Harry Reid was on the floor of the Senate warning that a dive off that cliff seems inevitable.
A state senator who represents parts of south-central Kentucky isn't betting on major changes to the state's tax code this upcoming legislative session. Overhauling what's been described as an antiquated tax system is at, or near, the top of many lawmakers' agendas.
Sen. David Givens, who represents Allen, Barren, Edmonson, Green, Metcalfe, and Simpson counties, says while there's a lot of talk in the air about streamlining Kentucky's tax code, he doubts anything will pass during the 2013 General Assembly.
"From what I gather, I don't think the tax reform issue is far enough down the road that we can make those sorts of changes in the session ahead, with it being a short session," the Greensburg Republican told WKU Public Radio.