By Dave Adkisson
President & CEO, Kentucky Chamber of Commerce
If there is one truth in Frankfort, it is that the demand for money for government programs will always exceed the supply of tax dollars.
This reality requires a new way of thinking about how government can stretch its tax dollars to provide the services the state really needs. A recent report by the Kentucky Chamber offers a solid plan that calls for more private-sector involvement in delivering services and building projects that have traditionally been provided by government.
Public-private partnerships – or P3s – are being used by more states, and we have examples right here in Kentucky. Some of our universities are contracting with private companies to build dormitories, for example, and we were the first state to contract with a private company to run a prison.
But Kentucky lacks a strategic approach to creating such partnerships and, unlike most states, we don't have a law authorizing a P3 approach to building bridges and highways.
We recommend bringing Kentucky up to date by enacting legislation next year that allows P3s to take on a wide range of building projects…….and creating a Kentucky Competitive Government Council to continually analyze what government activities could save money through a public-private partnership.
We hope Kentucky will make these changes and take an important step toward making the best use of tax dollars to deliver the services Kentuckians need and deserve. Learn more about our report at kychamber.com.
I'm Dave Adkisson, and that's my Point of View.