Kentucky sales and use tax revenues were up $11.6 million or 5% in December over the same period in 2007. If you are keeping score at home, this is the December in which the world was supposed to be ending and Gov. Beshear was hankering for a bailout from President-elect Barack Obama.
Fiscal year revenues, since July 1, are up $49,724,244 over the same period last year.
Kentucky has a spending problem, not a revenue production problem. Therefore, tax increases are not the answer. Less spending, within our means, is the answer.