Year-End Revenue Results Underscore Need for Right Actions on Tax Reform
Kentucky ended the 2017 fiscal year with $138.5 million less in General Fund revenue than economists predicted would be collected....
Budget and Tax In-Focus
How At-Risk Federal Discretionary Funds Are Important to Kentucky
Click to view as PDF. Similar to President Trump’s initial budget blueprint, or “skinny budget,” his full budget proposal slated for release next week is expected to include cuts to...
What Good Tax Reform Looks Like
Click here to view as a PDF. Though the details remain unknown, Governor Bevin has described the kind of tax reform he’ll introduce in a special session this year as...
The Impact of the 2017 General Assembly on the Kentucky State Budget
Click here to view as PDF. The just concluded 2017 legislative session was not a budget session. However, the General Assembly passed a number of bills that will have an...
Taxing Groceries in Kentucky Would Hurt Low-Income Families, Weaken Revenue Growth
Click to view as a PDF. Governor Bevin has said he will propose tax reform in a special session this year that will move Kentucky toward a “consumption-based” tax system...
Inheritance Tax Repeal Is Giveaway to the Top Kentucky Can’t Afford
To view this brief in PDF format, click here. Since 1906, Kentucky has relied on the inheritance tax to help pay for the good schools, infrastructure and other investments that...
The Path to a Stronger Commonwealth: Prioritizing Investments in Our Communities Over Tax Breaks for the Powerful
Kentucky faces a choice: cleaning up our tax code of special interest tax breaks so we can invest in excellent schools, a healthy and skilled workforce, modern infrastructure and other building blocks of thriving communities in the...
Five Takeaways from Kentucky’s Year-End Revenue Results
Revenue receipts are in for June 2016, the final month of Kentucky’s last Fiscal Year (FY), showing modestly strong General Fund growth of 3.7 percent since 2015. Here are five...
Budget Agreement Affirms Deep Cuts, Higher Pension Contributions
To view this report as a PDF, click here. The budget passed by the General Assembly maintains the governor’s proposed cuts of 9 percent to many parts of government over...
Senate Budget Maintains Governor’s Deep Budget Cuts, Increases Pension Contributions by Reducing Governor’s Set-Aside Funds
To view in PDF format, click here. The Senate budget maintains the governor’s dramatic proposed cuts of nine percent to postsecondary education, parts of P-12 education and a wide range...