The legislature will pass a budget this week, state Rep. Derrick Graham assured about 30 members of the Frankfort Area Chamber of Commerce Friday.
Despite some last minute griping, Graham believes the House and Senate will reach a compromise proposal.
But Graham said to prevent another fiscal crisis in the future, the state really must look at tax reform, a message he has been pounding since his campaign for the office last year.
"We have the responsibility to be truthful, honest and upfront with you," Graham said. "What we have to look at is tax reform. It might not happen next session, or in the next two sessions or the next three or four sessions. But in the next five to 10 years we will need tax reform."
Advocates of tax reform point out that businesses profiting in Kentucky can often find loopholes either to escape paying their fair share or escape paying any state taxes by legally locating in another state while still operating in Kentucky.
For more on this story, see the latest State Journal.