Cigarette Taxes

Local/Regional News
7:24 pm
Tue February 12, 2013

Cigarette Tax Eyed As A Way To Rescue Pension System

FRANKFORT, Ky. -- A leading lawmaker says raising the cigarette tax to $1 a pack would generate about $100 million a year that could be used to shore up the pension system for government retirees.

House Speaker Greg Stumbo told reporters Tuesday that that's one of several options House lawmakers are considering to bolster the pension system, which has a $33 billion unfunded liability.

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