$19 billion dollar deficit in state retirees' retirement account because several years ago legislature did not appropriate actuarial amount to fully fund retirement account. This action is indicative of lawmakers' irresponability spending more tax dollars than Kentucky collects.
In 2014 a $19 billion dollar deficit would require 60 year bond paying 4% costing Ky taxpayers annually $839,838,000!
Subject: GAMBLING LEGISLATION NEEDED TO PAY KY BILLS
THE MORE THINGS CHANGE THE MORE THEY STAY THE SAME!
Six years, 4 months and 3 days ago Kentucky citizens, according to the Oil Price Information Service, reported people in southeastern Kentucky county "shell out 14.78 percent of their monthly income---which their $1,423.67 a month income represents lowest in nation---to buy gasoline costing $3.156 a gallon; according to the index," while state of Washington citizens shell out 6.78 percent of their monthly income for gas @$3.926 per gallon.
TO FIX KENTUCKY'S 'S FINANCIAL MESS, 2014-2016 BIENNIUM BUDGET SCREAMS FOR FOLLOWING FIXES:
STATE TAX EXPENDITURE CUTS:
CUT $350 MILLION OUT OF ESTIMATED $1 BILLION OF STATE TAX EXPENDITURES;
CUT $400 MILLION FROM CORPORATE TAX SHELTERS;
CUT $100 MILLION (2,100 NON-MERIT EMPLOYEES ANNUALLY PAID $100,000 OR MORE)
DOLLARS OF ANNUAL NON-MERIT PAY NOT CONTRIBUTING TO PRODUCTIVITY;
SPECIFIC STATE TAX EXPENDITURES EXPLAINED BELOW:
TAX EXEMPTIONS;TAX EXCLUSION TAX DEDUCTION FROM THE BASE OF A TAX; TAX CREDIT AGAINST A TAX; TAX DEFERRAL OF A TAX; & PREFERENTIAL TAX RATES;
Retrain staff & award pay increases to merit job holders whose positions receive added duties from downsizing;
Amend state employee KRS ESTABLISHING FULLY FUNDED PAY-FOR-PERFORMANCE EVALUATION PROGRAM CONSTRUCTED AS FOLLOWS:
TO CLARIFY DIFFERENCE BETWEEN STATE MERIT AND NON-MERIT EMPLOYEES, RENAME ALL NON-MERIT EMPLOYEES “POLITICAL APPOINTEES”;
Eliminate practice of technical state employees being immediately rehired AT ANNUAL SALARIES OUTSIDE THEIR CAREER PAY GUIDELINES after RETIRING;
REDUCE LEGISLATIVE BRANCH PERSONNEL EXPENSES BY $1.4 MILLION IN 2014-2016 BIENNIUM BUDGET;
ELIMINATE FULL-TIME RETIREMENT FOR PART-TIME LEGISLATIVE EMPLOYEES, SUCH AS LAWMAKERS;
REDUCE AOC ADMINISTRATION COSTS BY $60 MILLION
BEGIN ALL STATE EMPLOYEES (MERIT AND POLITICAL APPOINTEES)
BEGINNING WORK JANUARY 1, 2014 ON DEFINED CONTRIBUTION
RETIREMENT PROGRAM;
REDUCE PROPERTY TAX ADMINISTRATION COSTS SOME $22 MILLION BY
ELIMINATING 103 STATUTORY PROPERTY VALUATION ADMINISTRATION
POSITIONS & PLACING REMAINING 17 PVA POSITIONS IN 17 REGIONS,
& REDUCING TOTAL DEPUTY PAY BY $12 MILLION:
2009 Pva Pay REGIONAL PVA OFFICE REGION REGION PARCELS
97645 Tony Cracraft MASON BUFFALO TRACE 30296
106072 Linda Cockrell MONT GATEWAY 43298
112391 Bill Clary GREUP FIVO 76790
128,545 Lonnie OsbornePIKE BIG SANDY 97298
112,391 John F Gross PERRY KY RIVER 51189
PARCELS AVG.COST OF $18.63 P/PARCEL FOR PVA; 298,865
119604 Joyce Parker LAUREL CUMB VALLEY 130599
125,031 Nancy Bock McCra PURCHASE 128888
114498 Howard Moran HEND PENNYRILE 110617
107702 Angie Strader CHRIST GREEN RIVER 124476
126085 Bob Bransetter WARREN BARREN 151229
119545 Brad McDowell HARDIN LINCOLN TRAIL 141716
115193 David Oneill FAYETTE BLUEGRASS #1 166766
118711 Patsy Conway FRANKLIN BLUEGRASS #2 149842
132404 Tony Lindauer JEFF JEFFERSON 283291
JEFFERSON CO COST PER PARCEL.47 CENTS(INCLUDES
PVA+STAFF)
125031 Thomas Todd PULASKI CUMBERLAND LK 138623
131184 Mark E. Vogt KENTON NORTHERN KY 117265
120420 Ron Winters OLDHAM KIPDA 94237
2,011,912 2,036,414
Proposed 17 Region PVA organization saving state estimated $22 million tax dollars
annually.
REDUCE TOTAL DEPUTY PVA COSTS BY $12 MILLION;
MERGE RETIREMENTS (KRS/CERS/SPRS/TRS/INTO 1 SYSTEM
ENHANCING STATE TAX RESOURCES:
STATE COLLECT ALL ONLINE CONSUMERS SALES TAXES;
STATE COLLECT ALL DUE-AND-OWING MOTOR VEHICLE USAGE, PROPERTY AND TITLING & REGISTRATION FEES FROM KY CAR OWNERS DAILY OPERATING THEIR MIS-REGISTERED MOTOR VEHICLES ON KY HIGHWAYS; STATE COLLECT ALL U-DRIVE-IT TAXES FROM LEASE/RENTAL CAR COMPANIES OPERATING OUT OF KENTUCKY AIRPORTS;
STATE PASS IN 2012-2012 BIENNIUM BUDGET LEGISLATION TO INCLUDE EXPANDED SALES TAX BASE INCLUDING SELECTED SERVICES;
STATE DEBATE FARMER/WAYNE TAX REFORM LEGISLATION AND PASS CONSENSUS TAX REFORM LEGISLATION;
STATE AMEND KRS ALLOWING 'LOCAL TAX OPTION” FOR LOCAL TAXING JURISDICTIONS;
STATE ELIMINATE WEIGHT-DISTANCE TAX ON TRUCKS AFTER COMBINING ALL REVENUES (WEIGHT-DISTANCE TAX/MOTOR FUELS TAX/TRUCK REGISTRATION FEES) ON TRUCKS; THEN, ELIMINATE TRUCK WEIGHT-DISTANCE TAX;
TO RELIEVE GENERAL FUND BUDGET AMEND H.B. 44 BY CHANGING 4% MAXIMUM TAX RATE TO 4.5%;
TO RELIEVE GENERAL FUND BUDGET OF EVERY TWO YEARS INCREASING HOMESTEAD EXEMPTION BASED ON FEDERAL C.P.I., AMEND H.B. 44 MAKING PERMANENT REAL ESTATE PROPERTY TAX STATE RATE OF 15.5 CENTS PER $100 DOLLARS
AMEND H.B. 44 IMPLEMENTING LEGISLATION REPLACING CURRENT TAX EXEMPTION WITH PROPERTY TAX CIRCUIT BREAKER* RATE;
LAWMAKERS ADOPT AND PASS LEGISLATION BY REPLACING CURRENT STATE TAX LAW WITH ORIGINAL LAW;
LAWMAKERS PASS 2006 H.B. 698 ESTABLISHING A “STIPEND” TO BE PAID TO DEPARTMENT OF REVENUE AUTHORIZED LAW ENFORCEMENT OFFICERS, CITIZENS WHO ASSIST COMMERCIAL ENFORCEMENT OFFICERS IN IDENTIFYING KY MOTOR VEHICLE OWNERS OPERATING DAILY ON KENTUCKY HIGHWAYS USING ILLEGAL DECALS, LICENSE PLATES.
KENTUCKY LAWMAKERS' IRRESPONSIBLE FINANCIAL BEHAVIOR IN HANDLING KENTUCKY'S FINANCES FOR PAST 30 YEARS!
DUE TO STATE'S BILLION DOLLAR DEFICITS KENTUCKY TAX RESOURCES MUST BE FORTIFIED TO ENABLE STATE TO PAY OFF BILLION DOLLARS OF DEBT LOAD!
TO GENERATE STATE TAX RESOURCES TO PAY OFF OVER A LONG PERIOD OF TIME, IT WILL REQUIRE PASSAGE OF GAMBLING LEGISLATION SPECIFICALLY DEDICATED TO PAYING OFF BILLIONS OF DOLLARS OF KENTUCKY'S DEBT LOAD.
IN 1994, STATE LAWMAKERS TOLD STATE'S APPROPRIATIONS EXCEEDED STATE TAX RESOURCES BY .3%; THEY WERE TOLD
IF THEY DID NOTHING BY 2004 APPROPRIATIONS WOULD EXCEED TAX RESOURCES BY 12%.
KY GENERAL ASSEMBLY ONLY PASS “TAX CUTS” W/O ANY APPROPRIATIONS CUTS; i.e., ONLY INCREASED APPROPRIATIONS!
FOR EXAMPLE, IN 1999 STATE PASSED $380 MILLION DOLLAR TAX CUT IN LINE WITH REPUBLICAN'S GROVER NORQUIST'S “NO TAX PLEDGE”. THIS “TAX CUT” FOLLOWED LINES OF NORQUIST'S DEMAND THAT “NO NEW TAXES” BE PASSED IMPLYING NO APPROPRIATIONS BE CUT! THIS ACTION SEVERELY DESTROYED BALANCE BETWEEN APPROPRIATIONS AND STATE TAX RESOURCES; I.E, DIMINISHING FURTHER ANEMIC STATE TAX RESOURCES AND FURTHER ERODED BY LAWMAKERS “CREDIT CARD' SPENDING!
HANDLING KY'S ECONOMY FROM 1994 TILL PRESENT TIME AS KY LAWMAKERS' ACTED IN CONCERT AS A GENERAL ASSEMBLY, DEMONSTRATED THEIR LACK OF BALANCING APPROPRIATIONS CUTS WITH ENHANCING STATE TAX RESOURCES. IN 2013, KY LAWMAKERS HAVE MADE THEIR OWN BED AND THEY ARE NOW FORCED TO PASS LEGISLATION SHUNNED
IN PAST TO RESCUE KENTUCKIAN'S FINANCES AND BRING BACK NORMALCY IN THE NEXT 25 YEARS!
APPROPRIATION CUTS COMMINGLED WITH PASSAGE OF INCOME PRODUCING LEGISLATION CAPABLE OF PAYING OFF THEIR BILLION DOLLAR DEFICITS MUST BE THEIR STRATEGY!
TO BE FAIR TO KENTUCKY TAXPAYERS AND THEIR HEIRS, IT HAS BECOME A MORAL ISSUE. TO CONTINUE WITHOUT ADEQUATELY BALANCING APPROPRIATIONS WITH STATE TAX RESOURCES WOULD BE A SIN. CORRECTING THIS FINANCIAL PROBLEM CAUSED BY POLITICS OF KY LAWMAKERS ARE FACED WITH PASSING GAMBLING PRODUCING REVENUES WHILE SIMULTANEOUSLY CUTTING BILLIONS OF DOLLARS OF APPROPRIATIONS. ONE POSSIBILITY?
“SWALLOW THEIR PRIDE AND ASK GOVERNOR TO DO HEAVY POLITICAL LIFTING AND WORK TO ATTAIN STATE'S SOLVENCY.”
