FRANKFORT, Ky. (AP) - Holding accountable more than 1,200 special taxing districts that spend some $2.7 billion a year will be a top legislative priority when lawmakers convene in January.
The issue beat out pension reform, tax reform and a proposed constitutional amendment on gambling for the designation of House Bill 1, which is reserved the biggest issues facing the state.
House Speaker Greg Stumbo said Thursday that creating a stronger system of oversight and accountability for Kentucky's taxing districts is critical because of the huge amount of money involved. Stumbo said he was shocked by a report from state Auditor Adam Edelen that showed the number of taxing districts and the amount of money they collect and spend.
Stumbo and Edelen appeared at a Capitol press conference on Thursday to discuss the issue.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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