S&P Report Says Growing Inequality Harming State Budgets, Especially in States More Dependent on Sales Taxes
A new report from the credit rating agency Standard and Poor’s (S&P) says that growing income inequality is making it harder for...
Congressional Vote on Internet Tax Loopholes Could Help or Harm Kentucky’s Budget
The Senate is expected to vote soon on continuing a moratorium on state and local taxes of Internet access, and the specifics of what passes could mean hundreds of millions...
The State of Working Kentucky 2014
More than five years after the recession officially ended, Kentucky workers still struggle with a scarcity of jobs and face continued declines in real wages, as outlined in KCEP’s new...
Eroding Wages and Continued Lack of Jobs Mark Labor Day in Kentucky
More than five years after the recession officially ended, Kentucky workers still struggle with a scarcity of jobs and face continued declines in real wages, according to a detailed new...
New Health Cooperative Leading Way in Providing Exchange Coverage
Kentucky is continuing to gain national recognition for its success in expanding health insurance coverage, most recently in a Gallup poll showing Kentucky had the second-biggest drop of all states...
Revenue Growth Will Need to Pick Up to Hit 2015 Forecast
State revenue is now expected to grow only 1.3 percent for the first three quarters of the new budget year that began in July, according to a just-released state interim...
New Access to Health Care Will Be an Economic Driver
Good news keeps coming in about Kentucky’s expansion of Medicaid and the launch of Kynect, the state’s health insurance marketplace. It’s clear that coverage is expanding rapidly, the newly-insured are...
Five Factors Behind Shrinking Revenue Growth in the Recovery
The rate of revenue growth in Kentucky’s General Fund has slowed down between 2011 and 2014, as seen in the graph below. That’s a big part of why Kentucky’s budget...
Lopsided Recovery Reflected in Which Revenue Sources Have Grown
Since declining in 2009 and 2010 because of the recession, Kentucky's General Fund revenues have grown for four straight years. But the state’s different sources of revenue have grown or...
What’s Behind the State’s Revenue Shortfall?
Now that Kentucky has ended its 2014 budget year, the governor’s office will announce how big the state’s year-end revenue shortfall is sometime in the next two weeks. It’s expected...