Prevailing Wage Compromise?
Monday, we pointed out Pat Crowley's article about the tax increases on the Northern Kentucky Chamber of Commerce's legislative agenda.
Today, a much better idea is discussed: a three-year moratorium on prevailing wages for public constriction projects. Various analysis have shown that reverting to the pre-Patton rule that prevailing wages are not applicable to public construction would save the state 17-25%.
For the record, 12% of the capital projects portion of the current budget is $532 million.
The debt service saved from a $532 million reduction in bonding would be a significant chunk of the projected shortfall.
