Tax Cuts Causing the Worst Revenue Projections Since Consensus Forecasting Began
Next week, Governor Beshear will present his state budget proposal to the General Assembly and the legislature will begin crafting...
What the Finally-Released Actuarial Analysis Tells Us About So-Called Pension Reform
Today Governor Beshear released the actuarial analysis of the 2017 "Keeping the Promise" pension proposal that had been suppressed for the last two years. As expected and as we noted...
Less to Sweep from Health Fund in Next Budget
A fund for employees' health insurance that Kentucky has drained of increasingly large amounts of money in order to balance the state budget is very unlikely to be able to...
Will the 2020 Budget Session Be Like Watching Groundhog Day?
Groundhog Day in 2020 is less than a week after Governor-Elect Beshear is due to lay out his budget proposal to the General Assembly. Shortly after, the legislature will begin...
Increased Funding Is Improving Kentucky’s Pension Plans
The General Assembly’s return to making full contributions to Kentucky’s pension systems in recent years is improving the systems’ health, as shown in newly available year-end reports. The challenges that...
Kentucky’s Budget Outlook
In January, the governor will propose and the General Assembly will begin deliberation about a new two-year state budget. The pieces are starting to come together around what the budget...
Policy Choices Pushing Kentucky’s Corporate Taxes Down
When the General Assembly meets to craft a new state budget starting in January, they will do so with less revenue available from corporations. The reduction in corporate tax revenues...
The State of Working Kentucky 2019
How is the economy faring in 2019? And what trends are we seeing in terms of jobs, the labor force and wages? See our presentation, The State of Working Kentucky...
Lopsided Recovery Continues to Leave Out Eastern Part of State
A recovering economy since the Great Recession has bypassed much of rural Kentucky and especially the eastern and northeastern regions of the state. Those conditions magnify the harm from current...
Many of the Quasi Employees Are Middle Age and Mid-Career
As the General Assembly considers options for pensions and quasi-governmental organizations in the special session, too often missing from the conversation are the potential harms to the 9,000 employees at...