Kentucky Gov. Andy Beshear announced the state’s property tax rate has been lowered for the fifth consecutive year.
The real state real property tax rate has been reduced from 10.9 cents to 10.6 cents per $100 assessed value. In a statement, Beshear said, “Right now, the federal government wants you to think that the only way to lower taxes is to leave the most vulnerable behind. But we’ve proven the opposite. We’ve lowered taxes and also expanded health care, invested in schools and students and celebrated the largest budget surpluses in our history. We will always put our people first and politics last.”
Beshear also announced $10 million is being allocated for the next round of grants from the State Aid Funding for Emergencies 4860 fund to assist communities impacted by February’s severe storms and floods, declared as FEMA Disaster 4860. The Governor signed legislation in March to create this new SAFE fund and announced the first 14 awards in May, totaling more than $25 million. He also announced more than $14.4 million to improve water and wastewater infrastructure in four communities across Eastern Kentucky impacted by the 2022 floods.
Photo by AndreyKrav / Getty Images
Sure seems like a lot of bragging from a Democrat governor who is REQUIRED by law to reduce the rate and the reduction on an average house won’t buy a Big Mac meal.
Would like a reference to the requirement to lower taxes by Kentucky law that was referenced in prior post (from Gregg). But cutting the tax rate a tiny bit was not the only action by Beshear, it was also the assistance for flood damaged regions that helps.
I’m more concerned about ballooning deficits, as in California, where Newsom launched excessive projects to give housing assistance for low income people, rather than creating micro-region zones where livable wages would be required and would be tied to the local cost of living within those zones, rather than asking tax payers to subsidize employees of various businesses that want to be located in high cost areas, reap the profits in high cost areas, but do NOT want to pay their workers livable wages in high cost areas.
Why should taxpayers living in lower cost areas have to subsidize underpaid workers who provide services and labor in the wealthiest areas of the state???
That’s crazy, especially when those taxpayers may not ever shop at those businesses!
Many of the wealthiest (and GOP supporting) corporations promote this kind of corporate welfare for their underpaid employees, often hosting classes for them so that they know how to get their welfare and subsidies. Those rich corporations could, instead, offer livable wages, but they don’t. They criticize “socialist policies”, yet they promote and then benefit from “socialist policies that help those rich companies”.
Hypocrisy at its Zenith.
It’s not just Democrats who make these blunders, not by a long-shot.
The GOP has now single-handedly pumped up the National Debt to levels never before seen, thus leaving our nation in a mess, now and into the future.
Even some GOP congress people said this Big Bloated Bill would destroy the GOP’s claim to wanting to reduce the deficit and would harm the nation; some said they hated the bill, yet they all voted for it like robots for Trump.
Since Reagan, the GOP has repeatedly ballooned the debt, given huge tax breaks to the wealthiest people and corporations, has given massive welfare to corporations, and promoted a long series of wars, all of which we lost, leaving those war torn nations scarred for many decades and still not recovered, many thousands of dead and wounded, including U.S. military and even some civilians.
The GOP starts wars and runs silent once the “sh_t” hits the fan, and that is why the news goes quiet when “Mission Accomplished” turns into failed missions.
The Clinton/Gore era was the only time that the National debt was reduced through careful analysis of where to cut out waste and improve efficiency in the Federal government. There were strategic layoffs, but not a gutting of the Federal government the way that DOGE slashed and burned through all the agencies (except Defense and Homeland Security).j
The nation will suffer massive losses from DOGE and Trump’s huge tax cuts for the rich, while sunsetting the minor tax breaks for the middle class in just a few years.