House Budget Uses Set-Aside Money to Reduce Cuts and Fully Fund Teachers’ Pensions
To view this in PDF form, click here. The House budget reduces proposed cuts to education and selected other areas...
Budget and Tax In-Focus
Revenue Options that Strengthen the Commonwealth
Kentucky has good options to fairly generate new revenue and put an end to year after year of deep cuts to vital public investments, as outlined in a report by the...
Investing in Kentucky’s Future: A Preview of the 2016-2018 Kentucky State Budget
A comprehensive preview of the upcoming two-year Kentucky state budget confirms both a massive funding gap facing the state for the next two years and a need for reinvestment in...
Reinstating Kentucky’s Tax on Extreme Wealth a Part of Making State Taxes Fair and Adequate
To view this brief in PDF form, click here. Kentucky loses an estimated $25 million a year because state lawmakers haven’t yet taken steps to recoup lost revenue from federal...
Despite Good Growth in 2015, Erosion Still Hurting Revenue
The good news is Kentucky’s economy grew faster in budget year 2015, and tax revenue grew with it — by $505 million, or 5.3 percent, compared to budget year 2014....
Kentucky a Loser in Proposed Tax Giveaway to Wealthiest
The U. S. House of Representatives is expected to vote this week to repeal the federal estate tax, an idea that would worsen growing inequality and reduce revenue needed for...
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...