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Kentucky plans another income tax cut despite projected $213 million revenue drop in 2025.
Despite a predicted $213 million drop in state revenue for fiscal year 2025, Kentucky's Republican-led legislature plans to cut individual income tax again, aiming to lower the rate to 3.5%.
This move follows previous tax cuts in 2022 and 2023.
Critics warn that further reductions could lead to less funding for education, healthcare, and public worker salaries.
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Kentucky planea otro recorte del impuesto a la renta a pesar de la caída de ingresos proyectada de $213 millones en 2025.