By the end of fiscal 2018, Kentucky’s debt had surpassed $54.6 billion. The lion’s share of the debt is in the form of unfunded pension liabilities, but we also owe billions for construction, higher education, student loans, bridges and a range of other state-funded initiatives.
That massive debt translates into roughly $12,262 for every man, woman and child in our state.
It’s time for lawmakers to address reckless spending at its source. Kentucky has a spending problem — not a revenue problem. During this year’s legislative session, lawmakers should reject any broad-based tax increases and instead make it a priority to reduce wasteful spending and commit to fiscal restraint.
There are several areas in need of reform: criminal justice, Medicaid and Kentucky Wired, to name a few. Updating these programs would dramatically cut unnecessary spending.
Send lawmakers a message today, urging them to reject tax increases and stop overspending!