Commonwealth of Kentucky State Budget:
Kentucky’s current tax code is based on a model that was designed in the 1950s, when most of the state’s economy had an agricultural base. Because of this outdated model, Kentucky revenues continue to decline, forcing harmful cuts in spending for critical programs like education. Governor Beshear appointed a task force to study and make recommendations on reforming Kentucky’s tax system. The task force is chaired by Lt. Governor Jerry Abramson. They have made a number of recommendations for changes in the tax code, which together would yield $690 million additional revenue for Kentucky. Since about half of all state funding is devoted to P-12 education, tax reform that will generate additional revenue will yield significant additional funds for Kentucky’s schools.
Please contact your legislator today and ask them to pass meaningful tax reform to fund Kentucky’s Schools.