eliminate $1 billion dollars of state expenses over next 5 years while reforming state tax base
ridding it of obsolete, out-of-date industries and expanding tax base with addition selected services from services industry. KY's current budget process contains a "structural defect"; i.e., tax resources are unstable, unequal, untransparent, inconsistent due to inadequate tax base.
In 1994 Michael Childress of Long Term Policy Research Center, created by legislature to keep them up on trends, etc., wrote appropriations average growth rate was 6% while tax resources average growth rate was 5.3%.
If 2006 and beyond appropriations continually exceed tax resources, KY loses it's financial ability to fund level of services needed by most expensive and largest senior citizen population needs in United States!
That's in addition to appropriations needed to fund Road Fund, Medicaid, current deficit due to "structural defect" in current budget process.
Eliminate $1 billion of state expense was recommended by 1995 Commission on Quality & Efficiency and it still has not been done!