Kentucky Gov. Andy Beshear wants to legalize sports gambling and raise taxes on cigarettes and some businesses to fund what his administration is calling an “education-first” budget plan.
Beshear’s 2020-2022 budget proposal, released Tuesday, would give Kentucky teachers a $2,000 raise, restore millions in funding for textbooks, and boost spending on preschool programs in disadvantaged areas.
Beshear (D), elected in November, proposed to bring in nearly $148 million in new revenue over the next two years. The proposed funding and tax increases could have trouble getting past the state’s Republican-controlled House and Senate.
Senate President Robert Stivers (R) ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.