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ONLINE-ONLY COLUMN: Our budget challenges

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By David Floyd | State Representative

There is good news and bad news for Kentucky as your General Assembly drafts a new biennial budget during this year’s legislative session. Let’s start with the good news: revenues are up.

For the current fiscal year (FY12) revenue to the state from all general fund sources is up over $137 million from what we budgeted. The forecasting group also projects a modest increase in tax revenue over the next two-year budget period, assuming the tax structure remains as it is today. Let’s hope they’re right – on both counts.


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