Written March 14. 2008 in
UncategorizedBeshear, a Democrat, wants the General Assembly to pass an increase in the
cheap camel tax of 70 cents, and use proceeds to finance hundreds of millions in new bonds. House leadersТ plan to ease KentuckyТs fiscal woes calls for a cheaper
camel online tax increase for smokers along with a series of new taxes on selected services such as air charters, armored car services and commercial janitorial services.
УMy plan is much more responsible than any plan out there,Ф Beshear told reporters Monday.
Economic forecasters are predicting that Kentucky is facing a $900 million revenue shortfall over the next two years, because of sagging tax revenue and rising costs in government expenses. Beshear has proposed an $18.5 billion two-year spending plan that would impose 12 percent cuts on public universities and various state agencies.