Governor Pitches Budget Saving Proposal to Chamber
Last Friday the Kentucky Chamber of Commerce held their annual Policy Conference in Lexington. The event offers business leaders across the state an opportunity to hear the priorities of elected officials for the upcoming year. It is also an opportunity for the Kentucky Chamber to articulate their positions on Economic Development, Education, Environment, Fiscal Policy, Health Care,and Human Resources.
Governor Steve Beshear delivered the luncheon keynote address at this year's conference and, in his remarks, asked the business community to support his proposal to close the budget deficit.
"I need your help," Beshear told the group. "We've got to deliver the message that it is the acceptable thing to do, that it is a good way for us to raise revenue that we sorely need if we are going to maintain our priorities."
Beshear has proposed offsetting the nearly $500 million budget gap by increasing the state's tax cigarette tax to $1 per pack, doubling taxes on other tobacco and cutting most government agency budgets by 4 percent.
The Kentucky Chamber is advocating for a smaller cigarette tax increase, primarily out of concern for the state's health and to dissuade youth from smoking.
To read the full article from the Lexington Herald-Leader, click HERE.