Both major candidates running for governor of Kentucky are calling for the state to explore entering into public-private partnerships (P3s) to improve the quality of the state’s 49 parks and help close a looming $14 billion gap between state spending and revenue.
Speaking at the annual Kentucky Chamber of Commerce Candidates forum, Matt Bevin (R) and Jack Conway (D) said the idea of using public-private partnerships (P3s) to reduce the burden on taxpayers has merit.
“[There] are ways we could engage in public-private partnerships with the hospitality industry to do more in and around tourism and state parks,” Conway said.
Challenging the Status Quo
Jim Waters, president of the Bluegrass Institute for Public Policy Solutions, says the candidates’ willingness to explore P3s as an option is encouraging.
“Just because government has always done this doesn’t mean it should always continue to do it,” Waters said. “Legislators or policymakers must be willing to look at every area of spending...
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