Latest / Lexington News Today | 2 Min News | The Daily News Now!
Kentucky Surplus Powers Economic Boom | Lexington News
Kentucky’s economy is firing on all cylinders, thanks to a record $320 million budget surplus — the seventh straight year of this impressive turnaround. Governor Beshear is calling for the General Assembly to reverse past cuts and reinvest in families, fueled by unexpectedly strong tax revenues, including a 6.4% jump in sales tax and a 4.6% rise in income tax receipts despite rate cuts. Job creation is exploding too, with over $7 billion in investments announced in just four months — the best start ever — and more than 70,000 jobs created since the governor took office. Meanwhile, recovery…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.