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Cigarette and alcohol tax passed to cushion state budget cuts

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By Tom McKee

 

Not long after legislators approved the state’s two-year budget last April, we began to realize that as much as we had scaled back, it still would not be enough because of the steep downturn in the nation’s economy.

            Our state economists told us last fall that, despite several hundred million dollars already being cut, we would need to come up with $456 million more to balance the budget by the end of the fiscal year on June 30, 2009.


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The Cynthiana Democrat | circulation@cynthianademocrat.com | 859-234-1035
P.O. Box 160, 302 Webster Avenue, Cynthiana, KY 41031
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