Revenue Options to Meet Obligations and Protect Investments
To meet our pension obligations and begin reinvesting in a stronger future for the commonwealth, Kentucky needs new revenue. Currently,...
State Tax
Pensions Need Responsible Funding Plan, Not Exaggerated Claims
Click to view as PDF. The series of reports from PFM on Kentucky’s pension systems overstate serious challenges with the condition of the state’s plans to justify drastic cuts in benefits....
Switch to 401k-Type Plan for Kentucky Public Employees Will Cause More Harm
Click to read the report as a PDF. Click for a one-page summary of the report. Kentucky needs solutions that work to pay down its unfunded pension liabilities. A new...
TIF Creep Means Growing Costs, Less Accountability
Click to view as a PDF Tax increment financing (TIF) is a common method for financing economic development that uses increased tax revenues after property is redeveloped to help pay...
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...
Kentucky Can Improve Budget and Protect Medicaid by Ending Growing Hospital Tax Break
To view this as a PDF, click here. The governor has proposed changes to Kentucky’s Medicaid program, arguing they are necessary to “ensure long-term sustainability of the Medicaid program." [1....