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The Kentucky House of Representatives on Monday passed House Bill 5, which would gradually repeal the so-called barrel tax on aging bourbon barrels in the state.
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Backers of the tax increment financing plan say it’s a way to use an established economic development tool. But some economists, TIF scholars and land-use experts caution that its massive size and novel structure could create difficulties or unintended consequences in the future.
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Supporters say a taxing district for western Louisville will spur investment and bring needed economic development. But the plan has opponents questioning how the proposal came about and fear current residents may be displaced.
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FRANKFORT, Ky. (WDRB) – University of Louisville President Neeli Bendapudi and some of her top aides defended their decision to absorb the mon…
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House budget committee chairman Rep. Steven Rudy said the bill has 'a long way to go and a short time to get there.'