FRANKFORT, Ky. (WTVQ) – There’s an ongoing conversation within the Kentucky General Assembly about how to make the state more attractive for economic development.
On Thursday, the Interim Joint Committee on Economic Development and Workforce Investment discussed the topic in person.
Part of the discussion was how to make get more people to live and work here.
Some believe a change in tax structure like in other states such as in Indiana could help.
This could result in lower income tax and less exemptions.
The Visiting Policy Fellow with the Bluegrass Institute for Public Policy Solutions thinks taxes are a part of it.
The first step should be paying off state owed debt and coming up with solid reforms over the next 4-6 years.
“When we start seeing those rates grow or exceed closer to 4% closer to our competitors that’s where you get your migration because there’s opportunity for people to move to”, says Andrew McNeil with Bluegrass Institute for Public Policy Solution.
Other topics discussed within the Kentucky General Assembly included, tourism, small business and information technology.