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As Kentucky responds to the coronavirus pandemic, the state is expecting to receive less tax revenue as the result of shuttered businesses and a dropoff in consumer spending.
Thanks to the federal CARES Act, Kentucky will receive $1.6 billion to help prop up the state’s ailing coffers, but the state will inevitably see a drop in income and sales taxes as more residents lose their jobs and save their money.
State legislators have tried to adjust to the financial uncertainty by passing a one-year budget, allowing them to come back next year and pass a new spending plan.
For this special episode hosted by Kentucky Public Radio Capitol Bureau Chief Ryland Barton, In Conversation discusses how the decline in revenue could affect state services and residents who depend on them.
Tune in at noon Wednesday on 89.3 WFPL, or follow along with our live tweets at @WFPLnews. Call with your questions or comments at 502-814-TALK or tweet us with the hashtag #WFPLconversation. We’re also on Facebook.
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There’s a lot going on in Louisville, and WFPL’s “In Conversation” with Rick Howlett gives people a platform to talk — both to each other, and with the larger community — about the biggest issues facing our city, state and region. Live at 11 a.m. every Friday on 89.3 WFPL. Call 502-814-TALK to join the conversation.