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...
Tax and Budget
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...
Growing Tuition Tax Credit Denies Students in Poverty Even As Need-Based College Aid is Underfunded
Kentucky’s recently released biennial tax expenditure report, which documents state spending through provisions in the tax code, shows a growing amount of money going to a program called the Postsecondary...
State EITC Would Make a Regressive Tax System Fairer
Previous posts have described how a state Earned Income Tax Credit (EITC) would help working low-income Kentuckians make ends meet and reach every corner of the state. A state EITC would also make...
Cutting State Income Taxes No Way to Attract New Residents
Anti-tax advocates often claim that cutting individual income taxes, especially for those at the top of the income scale, is vital if states want to keep wealthy people at home...
What Are Taxes For?
Tax Day is an important time for Kentuckians to consider the role of government in our state and nation. Taxes are a critical tool for doing things together that we...
Tax Break Bill a Setback for Revenue System
The General Assembly inserted some last minute tax breaks benefiting powerful interests into House Bill 445—the revenue bill that accompanied the new budget—before passing the bill and adjourning for the...
New Budget Will Worsen Kentucky’s College Affordability Problem
The budget passed by the General Assembly on Monday does not contain good news for higher education students in Kentucky. The 1.5 percent cuts to the state’s public universities and...
Pre-School Expansion a Notable Part of Budget Agreement
Press reports indicate that the new budget agreement contains an additional $18 million for pre-school in 2016, a 25 percent increase in state funding that would open up public pre-school...