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Tue January 20, 2009
Budget Hearings Continue In Frankfort
By Tony McVeigh
Frankfort, KY –
With the state searching for ways to generate new revenue, tax amnesty is on the minds of some Senate budget committee members. Previous amnesty efforts have raked in millions of dollars for the state, but Finance Secretary Jonathan Miller says it works best when used sparingly. "Otherwise, you get a system where too many taxpayers just wait for the next amnesty, to pay their taxes."
He doubts offering one now would do much to alleviate the state's 456-million dollar shortfall. "Too much of the kind of money that we collect in a tax amnesty would be money that we would have collected anyway."
Miller says one area the cabinet is looking for savings is energy costs, especially in the State Capitol and the Capitol Annex, the state's two biggest energy users.