Louisville business community outlines legislative priorities for 2023 regular session
Greater Louisville Inc. revealed its legislative priorities for the Kentucky General Assembly's 2023 regular session Tuesday.
The legislative agenda was announced during GLI's final Capitol Connections event of the year.
GLI relies on volunteers from all business sectors to help develop its policy agenda.
"Our organization's overall goal is to grow the regional economy by bringing in more jobs, more investment, more talent, and every policy position we take is because we believe that policy position will do just that," said CEO Sarah Davasher-Wisdom.
Shelby Somervell is the vice president of government affairs and communications for GLI.
Somervell applauded the state's tax reform efforts passed this year that will gradually reduce the state's income tax but is now encouraging lawmakers to take on reforming local tax structures during this year's session.
"Moving away from production-based taxes and giving local communities flexibility in their tax codes helps attract more people to the area and allows cities and counties to reinvest in themselves," Somervell said.
While the Louisville region has added 1,000 jobs so far this year workforce participation is still low. GLI is asking lawmakers to work on addressing some of the barriers keeping people from higher-paying jobs including easing the impacts of the so-called "benefits cliff", which occurs when people are removed from public benefits after an increase in wages.
"Taking these steps would help smooth the transition and encourage workers to embrace career opportunities in higher wages," Somervell said.
To help attract more talent, GLI is recommending the state adopt relocation incentives, along with student loan tax incentives for students who stay and work in Kentucky. They're also focused on more criminal justice reform that will make it easier for those who have been incarcerated to rejoin the workforce.
House Speaker David Osborne and Senate President Robert Stivers also took part in a panel discussion about the upcoming session.
Both said they have already had calls with Louisville Mayor-elect Craig Greenberg about ways the state and city can work together in this upcoming session and beyond.