Growth of Economic Development Incentives Comes with Little Accountability
Two new reports released this week call attention to the growth of state economic development tax incentives and the lack...
Tax and Budget
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...
Budget Agreement Affirms Deep Cuts to Core Investments
The 2012-2014 budget bill that passed both the House and Senate late last week is—like the budgets previously proposed this year by the Governor, House and Senate—based primarily on cuts....
Report Highlights Kentucky’s Need for More Progressive Income Tax
A report released today by the Center on Budget and Policy Priorities (CBPP) shows that income taxes for Kentucky families slightly above the poverty line are among the highest in...
The Benefits of Expanded Pre-School
In its final days of negotiating a new budget, a sticking point between the House and the Senate is whether to include new dollars for the expansion of pre-school. The...
Blue Ribbon Commission on Tax Reform Launches Website
The Blue Ribbon Commission on Tax Reform launched a website this week to provide information about the commission process and ways for everyday Kentuckians to get involved. The commission has...
Tax Expenditures Big Cause of Budget Problems, but Some Legislators Want More
There are three main reasons that the budget the legislature is now considering includes so many cuts. First, the economy is still struggling. Second, federal recovery-related financial assistance to the...
Budget Would Further Reduce College Affordability
The barriers to affordable higher education--especially for low-income Kentuckians--will continue to grow under a budget that cuts funding to postsecondary institutions and limits need-based financial aid. Budget Would Further Reduce...
Inadequate Tax System Has Big Role in Austere Budget
While the still-weak economy and the end of federal recovery-related assistance are important factors in the tight budget now being considered in Frankfort, long-term structural problems with Kentucky’s tax system...
State Releases More Pessimistic Revenue Forecast
The official body that approves state revenue estimates released a preliminary forecast today that projects nearly $500 million less in General Fund revenue for the upcoming two-year budget than the...