New Year-End Data Show Kentucky’s General Fund Continuing to Erode
In order to maintain investments in education, health, safety and other services that our citizens, businesses and communities rely on,...
Blog
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...
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...
Kentucky Should Get Involved In Debate About New College Affordability Strategies
While recent discussion of the student debt crisis has focused largely on federal proposals to make student loan payments easier to manage, several states (not to mention Starbucks) are experimenting...
Evidence of Benefits of Medicaid Expansion Starting to Come In
Kentucky is starting to see the benefits of its decision to expand Medicaid through the Affordable Care Act (ACA) in dramatic reductions in the number of uninsured across Kentucky counties...
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...
Details of Revenue Shortfall Should Not Be Misinterpreted to Support Bad Tax Ideas
A $90 million revenue shortfall for FY 2014 adds to Kentucky’s challenge as the state moves forward into the new two-year budget. It’s important that the right conclusions about tax...
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...
Why Kentucky Is Especially Vulnerable in Revenue Shortfall
Kentucky ended its 2014 budget year on June 30, and we will soon hear a final tally on the size of the state’s revenue shortfall. This spring, officials had predicted...
Lessening Burden of Student Loans One Step of Many Toward Greater College Affordability
There is a lot of focus this week on what can be done to address the student loan debt crisis—with cumulative U. S. student loan debt having reached $1.2 trillion...