But I do know this: Basing the funding of public schools on property taxes is a bad idea because of its inherently inequitable nature. One community's property will always be worth more than another's...yet the children are all worth the same. Or at least, in the eyes of the law, they ought to be.
Property taxes have always been and always will be - unequal.
That said, Larry Dale Keeling offers this:
...casino gambling, if and when it comes, won’t add stability to the state’s revenue stream, at least not the kind of stability that can help soften the landing the next time the economy tanks.
Besides, getting a casino gambling amendment through the General Assembly remains an iffy proposition. Its success or failure this year depends largely on whether U.S. Sen. Mitch McConnell and state Senate President David Williams think its presence on the ballot will bring conservatives out in force to help McConnell win another term and Williams retain control of the Senate.
So, Beshear should move casino gambling to Plan B and come up with a new Plan A for providing the real tax reform that was missing from his predecessor’s “tax tinkerization” package.
Real reform would link Kentucky’s revenue stream to the fastest-growing sector of the economy by extending the sales tax to selected services – the kind that can’t be exported. Real reform should also do Kentuckians’ lungs a favor by including a hefty increase in the cigarette tax...
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