Oklahoma City is a model for local tax options for public projects, but Kentucky’s constitution forbids it.
by Dan Dickson, 1.17.2012, Business Lexington
Lexington, KY – Like most American cities, Lexington has ambitious dreams for its downtown — a remodeled Rupp Arena, an expanded convention center, an amphitheater, a water feature — all contributing to a vibrant, 46-acre, arts and entertainment district.
But updating Rupp Arena and enlarging the convention center alone could cost $250 million, one study suggests.
Paying for downtown improvements is always challenging, a point well understood by Commerce Lexington president and CEO Bob Quick…Read more at BizLex.com

Lt. Gov. Jerry Abramson, left, applauded Beshear's speech. Abramson, in turn, said he hoped to be the most active, effective lieutenant governor in the state's modern history. | Photo by Pablo Alcala | Lexington Herald-Leader
Task force will recommend changes to Kentucky’s tax code, governor
Beth Musgrave, 1.6.11, Lexington Herald-Leader
FRANKFORT — Gov. Steve Beshear announced Thursday night that he was creating a blue ribbon commission to study reforming the state’s tax code to make it more equitable and make sure it spurs economic development.
Beshear, during a speech at the Kentucky Chamber of Commerce dinner at the Lexington Convention Center, said Lt. Gov. Jerry Abramson would chair the panel, which will recommend changes to the tax code by the end of the year.
The membership of the task force, which is still being determined, will include a wide cross-section of society and people from outside of Frankfort and state government, Beshear said. It’s not clear how many members would be on the task force and whether it would include state legislators…Read more at Kentucky.com
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