TO PROMOTE A NEW MEANS BY WHICH LOCAL GOVERNMENTS WITHIN THE COMMONWEALTH OF KENTUCKY CAN RAISE REVENUES TO PROVIDE FOR ECONOMIC DEVELOPMENT AND CIVIC BETTERMENT. A LOCAL OPTION SALES TAX WOULD GIVE CITIES AND COUNTIES WITHIN THE COMMONWEALTH OF KENTUCKY THE ABILITY TO MAKE THE INVESTMENTS THAT ARE NECESSARY TO, AMONG OTHER THINGS: 1. CREATE JOB OPPORTUNITIES WITHIN THE COMMUNITY; 2. FOSTER THE QUALITY OF LIVING AND SOCIAL WELL-BEING OF ITS CITIZENS; 3. REMAIN COMPETITIVE WITH OTHER COMMUNITIES; AND 4. TO SECURE THE FUTURE EXISTENCE OF THE COMMUNITY FOR LATER GENERATIONS.