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Leaders of the Kentucky legislature have proposed revising the state’s tax code, cutting $105 million in state revenue largely by changing how local banks get taxed.

The move comes as Kentucky struggles with a massive pension debt that requires the state to put record amounts of money into the pension systems and as the state consistently has trouble generating enough tax revenue to pay for expenses.

House Speaker David Osborne, a Republican from Prospect, said that the local bank tax break will be expensive, but worth it.