Kentucky: December 2008 Archives

The Blue Grass state is facing its own budget crisis. The latest estimates put the state's shortfall at $456 million. In an admittedly symbolic gestureKentucky Governor Steve Beshear and six other high ranking state officials have agreed to a 10 percent pay reduction. Latest reports are that all options, including resurrecting a failed attempt to raise cigarette taxes and cutting services drastically, are on the table. Raising cigarette taxes certainly isn't an ideal revenue raiser because of its regressive nature and declining yield, but it's good to see that the Governor is not focusing only on cutting public services.

About this Archive

This page is a archive of entries in the Kentucky category from December 2008.

Kentucky: March 2008 is the previous archive.

Kentucky: February 2009 is the next archive.

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