Kentucky Club for Growth
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August 16, 2010

Lexington and Louisville Chambers Conspire on New Tax

Government-funded entities Commerce Lexington and Greater Louisville Inc (GLI) recently took a trip to Pittsburgh and vowed to make the trip into more than just a junket.

Tom Eblen reports

The trip went well. But the big question was this: Would there be any follow-up?

Commerce Lexington's trips are sometimes criticized as junkets because the travelers come home, go on summer vacation and never get around to following up on most of the city-improvement ideas they gathered.

Lexington and Louisville officials said they are determined that that won't happen this time. Last Thursday, summer vacation ended, and it was time to get to work. A Commerce Lexington/GLI steering committee met all day and, that evening, announced follow-up plans to the trip's participants at a reception in Louisville's 21C Museum Hotel. The attendees included both cities' mayors.

So the mayors and others traveled and then spent all day in a meeting. What are the possible results of this now non-junket? To cooperate to advocate new spending projects and a new tax!

Top priorities include exploring the feasibility of light passenger rail between Lexington and Louisville...

...and to pursue legislation that would allow the cities to have a local-option sales tax.

The Chamber presidents at least have realistic expectations about these proposals.

Presidents Bob Quick of Commerce Lexington and Joe Reagan of GLI said afterward that such taxing authority probably would have to be done in the context of overall state tax reform, which is long overdue. "Some of these things will take some time to build the right coalitions," Reagan said.

But it's clear that these are the ideas of agents of the government, not business interests.

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06/01/10 : The 2009-2010 Scorecard

03/24/10 : Bills in Frankfort Today - March 24, 2010

03/23/10 : Bills in Frankfort Today - March 23, 2010

03/18/10 : Bills in Frankfort Today - March 18, 2010

03/17/10 : Bills in Frankfort Today - March 17, 2010

03/16/10 : Bills in Frankfort Today - March 16, 2010

03/15/10 : Frankfort Today - March 15, 2010

Drees: Raise gas tax to fund bridge - Pat Crowley, NKY.com

Ky. House nears tax vote - Pat Crowley, NKy.com


Donor records might have similarities - Lexington Herald-Leader

Club for Growth launches in Oregon

The Kentucky Club for Growth is proud to announce its 2007 scorecard rating members of the Kentucky General Assembly on fiscal issues.

How did your legislators do?


Club for Growth eyes spending - by Patrick Crowley, The Enquirer

Political group taking on state - by Stephenie Steitzer, Kentucky Post


Ky. jobless rate hits 11 percent - Courier-Journal...

The Governor's Budget Proposal
This is a reposting of the first article of email update sent out earlier today.  If you don't receive them, you may want to sign up.Here's the Governor's proposal:$147.1 million in spending cuts $81.5 million from a 70-cent cigarette tax...

$373 Million in Cuts
Governor Beshear has told agencies to plan for 4% budget cuts, suggesting that he's either expecting to raise taxes, or not expecting the $456 million shortfall to materialize.  4% of FY 2009 appropriated spending is only $373 million....

Governor Announces Administration Exploring Cuts, Taxes
Governor Steve Beshear announced that he is expecting a $294 million budget shortfall and is going to gauge public reaction before making a specific proposal to address it in December.  Cuts and taxes are on the table.Waiting until December is...

Strapped
The media is so sure there's a revenue problem, that it's hard to even fathom that the reality is that state revenue is increasing.

Business Tax Climate
We're #34 according to the Tax Foundation's 2009 State Business Tax Climate Index.

Financial Troubles
"The Negative Outlook reflects plans to continue to deplete fund balances and virtually drain the budget reserve trust in the current biennium. Further, Fitch remains concerned about the weakened pension funding levels and the commonwealth's rising debt position as an additional $1.65 billion in debt has been authorized for the biennium."

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