House Budget Raises Revenue, Prevents Some Education Cuts
Click here to download a PDF of KCEP’s analysis of the House's budget. In their budget for 2019-2020, the House...
Pension Bill Doesn’t Save Money for KRS, Revised Teacher COLA Cut Changed Little
The pension bill SB 1 is not a cost saver for the Kentucky Retirement Systems (KRS), according to the actuarial analysis of the bill released today. And a change to...
What’s In the Senate Pension Bill
The Senate’s pension legislation, introduced as SB 1, includes cutting teachers' cost of living adjustments, moving new employees into a less secure hybrid cash balance plan and requiring an expensive method of...
Switching to 401ks Is a Lose-Lose
It’s a bad idea for Kentucky to shut down its pension plans and move new teachers and public employees into less efficient 401k-type defined contribution (DC) plans. State and local...
The Roots of a Terrible Budget
The governor's budget proposes the deepest cuts to K-12 education Kentucky has seen, delivers another hit to services that have been cut repeatedly since 2008 and completely eliminates funding for...
Presentation: State Budget Overview
Kentucky faces a very difficult budget situation as lawmakers work to craft a new spending plan for 2018-2020. Nineteen rounds of budget cuts since 2008 have reduced investments in a...
Governor’s Budget Cuts Education, Eliminates Some Programs
Click to download a PDF of KCEP's initial analysis of the governor's budget proposal. The governor’s proposed budget makes deep cuts to education, eliminates funding for 70 programs and makes cuts...
Two Steps to a Better Budget this Session
State lawmakers and the governor are giving dire warnings of what's coming in the next two-year state budget. In recent press reports, they have called the budget "brutal," with officials...
A Better Way to Understand Kentucky’s Pension Health
Click to view this report and its appendix as a PDF. Plenty of attention is paid to how badly funded Kentucky's public pension plans are. Compared to other states, our...
Massive New Federal Tax Cuts for the Wealthy Should Be a Resource for Kentucky’s Budget
Kentucky is facing a major gap in its next two-year state budget that could mean unprecedented cuts to education and other services. But the General Assembly could look to the...