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,...
Blog
State Can’t Pay Pension Debt from Natural Revenue Growth without Harming Services
One area of consensus on pensions is that the state should begin making the full annual required contribution to the retirement system, which will reduce the long-run costs of paying...
The State of Working Kentucky 2012: Jobs by Industry
Kentucky’s economy continues to change, with a decline in manufacturing jobs and a shift toward more jobs in the service sector—a trend that has accelerated with the weak economy of...
The State of Working Kentucky 2012: Race
The weak economy of the last few years has had far-reaching effects, but some groups have been harder hit than others. In particular, African Americans in Kentucky have suffered enormous...
The State of Working Kentucky 2012: Education
There is no question that greater levels of education are associated with higher wages and employment rates in Kentucky, and employment has been declining among those with less than a...
The State of Working Kentucky 2012: Wages
Working Kentuckians have experienced a lost decade in terms of wage growth, a trend that is undermining family economic security across the Commonwealth and will likely persist at least as...
Penny Increase in Sales Tax Would Worsen Tax Fairness and Fail to Fix Long-Term Revenue Problem
A couple of legislators have floated the idea of raising the sales tax by one percentage point rather than taking action on a tax reform package. But such a plan...
The State of Working Kentucky 2012: Youth
In times of recession and high unemployment, it’s particularly hard for young people to find jobs. Competition for the jobs that do exist becomes more intense, making it harder for...
Tax Commission Recommendations Raise Needed Revenue but Include Big Corporate Tax Cut
The new plan from the Governor's Blue Ribbon Tax Reform Commission rightly puts the first priority on raising needed revenue to address Kentucky's budget challenges. The commission finalized a package...
Kentucky Job Growth Remains Slow and Jobs Deficit Substantial
Between the start of the recession and February 2010, Kentucky lost 118,200 jobs. After several years of job growth, that gap has been trimmed to 35,100. However, ongoing growth in...