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...
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...
Tax Plan an Enormous Giveaway to the Wealthy that Will Harm Kentucky Families
Will Kentucky’s Congressional Delegation Make It Worse By Voting to Cut Critical Programs in 2018? After both the U.S. House and Senate voted to pass the GOP tax bill, Jason...