House Proposes to Maintain Austere Budget, Shift Some Priorities
The House budget for 2013-2014 passed out of committee yesterday largely maintains the Governor’s proposed cuts of up to 8.4...
State Tax
Deep Business Tax Cuts Are Not the Key to a Stronger Kentucky Economy
Governor Beshear’s tax reform proposal includes a substantial amount of new business tax cuts aimed at making the state more competitive. But tax cuts are not the most effective way...
“Single Sales Factor” Would Cost Substantial Revenue Kentucky Needs for Investments that Work
A proposal included in Governor Beshear's tax reform plan that would change the way Kentucky calculates state corporate income taxes for big multistate corporations would wipe out one-third of the...
Limiting Expensive Income Tax Break for Higher-Income Retirees Is Important Part of Tax Reform
A limit on the state’s large retirement income tax break for higher-income people is an important component of tax reform, and Governor Beshear’s plan includes such a limit. Reforming the...
Tax Plan Misses Opportunity to Make Overall Tax System Fairer
The combined impact of the tax increases and tax cuts in Governor Beshear's reform proposal would not help improve the regressive nature of Kentucky’s tax system, according to analysis of...
Measuring the Tax Plan Against Key Principles
Governor Beshear has released his tax reform proposal, and analysis and debate over the plan has begun. It’s important that this discussion keep in mind three principles that are needed...
Presentation: Kentucky State Budget Briefing
On January 24, KCEP held a State Budget Briefing that included a presentation describing the revenue context of the current budget situation, outlining past budget cuts and including some analysis...
Our Commonwealth: A Primer on the Kentucky State Budget
What is the Budget of the Commonwealth? Where does the money come from and for what does it pay? What are the processes by which the budget is made? The...
Governor’s Austere Budget Gives Small Bump to K-12, Cuts Funding for Many Areas
Governor Beshear's Executive Budget proposal provides a small amount of additional funding to K-12 education but not enough to fully restore the impact of six years of cuts and frozen...
Budget Preview Report: Kentucky Faces Choice of Reinvestment or Retrenchment in Next State Budget
Kentucky faces more cuts and continued underinvestment in critical services in the next two-year state budget unless lawmakers generate additional revenue, as outlined in KCEP’s new comprehensive budget preview report....