Pension Bill Focuses on Wrong Issues
To hear some in Frankfort these days, Kentucky needs pension reform now, now, now to avoid our own fiscal cliff,...
New Projections Say Senate Pension Bill Is $206 Million More Expensive than House Plan
The Senate version of pension legislation will cost $206 million more than the House version over the next 20 years according to analysis of the new actuarial projections for Senate...
Gambling Revenues Are No Substitute for Tax Reform
The House has proposed generating new revenues for the state pension system by expanding the lottery and utilizing revenues from instant racing. However, the plan generates only a portion of...
Debt Limit Could Increase Costs for Kentucky
A Senate committee approved legislation today to limit debt service (the annual payments made on debt the state owes) in future years to six percent of the state's revenue. Yet...
Cash Balance Plan Likely to Increase Costs, Impact the Quality of Public Services and Reduce Retirement Security
While the primary pension challenge Kentucky faces is how to find the revenue to pay back the existing unfunded liability, much of the attention has instead focused on moving new...
Proposed Cash Balance Pension Plan for New Workers Projected to Increase Costs
The cash balance plan for new workers proposed in Senate Bill 2 would make paying Kentucky’s unfunded pension liability harder by adding approximately $55 million in state costs over the...
Administration Describes Bleak Outlook for Next Budget without More Revenue
In a presentation on the need for tax reform to the joint House and Senate Appropriations and Revenue Committee today, Secretary Mary Lassiter laid out a bleak outlook for the...
Wealthiest Kentuckians Pay Far Less in State and Local Taxes than Low- and Middle-Income Kentuckians
New Report: “Who Pays? A Distributional Analysis of the Tax System in All 50 States” Wealthiest Kentuckians Pay Far Less in State and Local Taxes than Low- and Middle-Income Kentuckians...
Presentation: Protecting Retirement Security and Building a Better Kentucky
This presentation was given at the Kentucky Public Pension Coalition press and legislator briefing held January 30, 2013. KPPC Press Briefing Presentation KPPC Press Briefing Text
Kentucky Falls Short on Preparing for Future Recessions
Report Release: "2013 Is a Good Year to Repair (if Not Replenish) State Rainy Day Funds" Kentucky Falls Short on Preparing for Future Recessions Rainy day fund fix would protect...