State tax revenues miss target by over $1 billion dollars to allow another income tax cut

By: Liam Niemeyer

Outlets: Kentucky Lantern

Published: September 4, 2026

Words: 779

Last Updated: 2 weeks, 4 days ago

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Kentucky has missed key fiscal targets within the state budget to allow for another future cut to the state’s income tax rate in 2028, the second year in a row and the third time in four years that such targets have been missed.

That’s according to a Friday letter by State Budget Director John Hicks to the Interim Joint Committee on Appropriations and Revenue, obtained through a spokesperson for …

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