Kentucky’s revenue numbers are highly volatile in April and May and were unusually high in April 2008.
But that isn’t going to stop some from taking one month of statistics and extrapolating out to a justification for more tax increases.
We’re down just 1.6% for the whole fiscal year, Larry Dale, and still don’t have any idea how much we are wasting on education. And the $113 million “shortfall” between this year and last year could have easily been made up with repeal of Davis Bacon.
What we have is much more of a political problem than a financial problem.