Plan to Front-Load Pension Payments Would Create Crisis in Next Budget
The pension framework under consideration would require Kentucky to make excessive increased payments for pension liabilities in the next state...
Blog
Senate Tax Plan Harms Low- and Middle-Income Kentuckians to Pay for Giveaways to Those at the Top
Like the top-heavy tax cut plan passed in the House last week, the plan now in front of the Senate would shift taxes away from millionaires and corporations and over...
How Federal Tax Proposals Threaten Investments in Kentucky’s Congressional Districts
The vast majority of Kentuckians would be worse off under recent federal tax cut proposals. Far from benefiting the average Kentuckian, the plans would put fiscal pressure on already strained...
Analysis Shows Pension Bill Adds Huge New Costs for Teachers’ Plan
A new analysis of the proposed pension bill by the actuary for the Teachers' Retirement System (TRS) shows huge new costs to the state from the legislation, including higher costs to...
5 Things to Watch for in the House Federal Tax Plan
Tomorrow the U.S. House is expected to release a draft bill that, by all accounts, would enact large tax cuts tilted heavily toward the wealthiest Americans and largest, most profitable...
Congressional Plan to Cut Taxes Now and Programs Later Would Harm Kentuckians
Now that the Senate and House have both passed budget plans that include a fast-track process for tax cuts, Congress is poised to launch the first step of a likely...
Additional Contribution for Retiree Health Benefits Is an Unnecessary Wage Cut
The state’s proposed framework for pension legislation would require public employees to pay three percent more of their salaries toward retiree health benefits, the effect of which is the same as...
Supplemental Security Income is the “Assistance of Last Resort” for Kentucky’s Most Vulnerable
Supplemental Security Income (SSI), similar to Social Security Disability Insurance, provides a vital lifeline to blind, disabled and aged Kentuckians. Being a means-tested program, however, SSI is specifically designed for those with...
Film Industry Tax Credits are Growing Rapidly and Pose a Significant Threat to State Revenues
In a recent important article, the Lexington Herald-Leader examined the proliferation of Kentucky’s film industry tax credits. The state’s law allowing the credits was amended in 2015 to reduce the...
Pension Framework Makes Harsh Benefit Cuts, Adds Costs Without New Revenue
The governor and legislative leaders released a framework today that makes substantial cuts to pension benefits for current workers, new employees and even retired teachers. It includes a shift to...