Kentucky Counties Hit By National Financical Woes

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Wall Street took another hit, trickling down consequences to local communities and government.

Counties across Kentucky are already feeling the pain. Scott County is reporting a near 50 percent loss to its revenue this fiscal year, $11 million down from $28 million.

Kentucky counties are funded primarily from property and occupational taxes, so housing markets down and loss of jobs mean less money into local government.

Those local monies go to fund roads, schools and health departments, services that could be at risk if the economy continues to spiral down.

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