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Kentucky tax revenue falls far short of amount needed to trigger income tax reduction
1+ week, 2+ day ago (175+ words) Under a system set up by Kentucky lawmakers in 2022, the state could lower the income tax by a half-point if it met certain thresholds. According to a letter State Budget Director John Hicks sent to lawmakers Friday, tax revenues were…...
Virginia brings in more revenue than expected, but Spanberger urges caution
3+ week, 4+ day ago (236+ words) Va. (WSET) — Virginia ended the last fiscal year in a stronger financial position than expected, bringing in significantly more revenue than state officials had projected. But Gov. Abigail Spanberger is warning lawmakers not to get too comfortable. Spanberger made the…...