November 29, 2012

Wednesday's KACo speeches

12/01/12: Update: Recap I wrote on this day of speeches and how they may affect the 2013 General Assembly was published on Insider Louisville:

Local Investments for Transformation’ debate gets real: Curtis Morrison previews 2013 Kentucky General Assembly

I know. Most wonkish headline ever. Something I struggle with, obviously.
My initial less clever comments and original entry is still up here after the jump:

I'll be writing a bit about the 2012 Kentucky Association of Counties Conference & Exposition opening speeches for Insider Louisville, but I'll upload the entire speeches here for nerds like us who have no lives, and watch these kinds of things.

Jefferson County Judge/Executive Bryan Mathews endorses KACo plan for solving pension crisis, and advocates Fairness ordinances in individual Kentucky counties:

Louisville Mayor Greg Fischer advocates for legislators in the upcoming Kentucky legislative session to have the courage to pass what he calls LIFT, Local Investments for Transformation.

I've warmed up to this idea since I first heard him propose it in July. Local governments do need sustained revenue to do great things. While ideally, I'd like the wealthy to absorb a fair share of that with a less regressive tax, we can't let them hold us hostage indefinitely. We can do great things without them.

And Lt. Gov. Jerry Abramson agreeing with Fischer:

Speaker of the Kentucky House of Representatives, Greg Stumbo, offered a rebuttal on local option sales taxes, which sadly, sounds like it's just looking out for auto dealers.

Stumbo has received $7,000 in campaign contributions from the KENTUCKY AUTOMOBILE DEALERS ELECTION TRUST.

Stumbo made very compelling arguments for Kentucky light rail during the same speech:

Could someone tell the good Speaker how much easier it would be to pull off this kind of project, if he changed his position on the local option sales tax? Oh, I just did. Cool. I should do this for a living or something.

1 comment:

  1. If you think a temporary 1% sales tax will enable serious transit improvements or transform our economy you are delusional. This is a baby step in the right direction but it does not go nearly far enough to correct the crippling drain of Frankfort on Louisville's resources. The sad truth is that KY is an economically dysfunctional State that Louisville will be strongly subsidizing for the foreseeable future. More so than any other State KY is structurally built to favor rural interests. Louisville receives approx 65 cents back on the tax dollar which may be the worst rate in the country. Resources matter and there is a cumulative effect of decades of economically inefficient state-wide resource allocation. KY is facing hurricane strength economic headwinds so this situation is likely to get worse before it gets betterThe only way I see to fix this crippling imbalance is to trap non-local tax dollars through true casinos with professional sports gaming.