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Budget & Tax

Decreasing Coins

Analysis

Corporate Tax Break Watch: 2022 General Assembly

Last year, the Kentucky General Assembly passed new business subsidies and tax breaks at a cost of well over $1...

Jason Bailey and Pam Thomas | April 5, 2022

Decreasing Coins

Analysis

Bill Provides Huge Subsidy to Investment Companies with No Requirement of Rural Investments, Jobs or Return to Communities

House Bill 308, which passed the Kentucky House and may be acted on in the Senate in the session's final days, is a giveaway to out-of-state venture capital funds with...

Pam Thomas | April 5, 2022

Income Tax Cut to 4 Is a Giveaway to Those at the Top 3

Analysis

Tax Cut Is a Giveaway to the Wealthy That Will Damage Future Budgets

The General Assembly passed a new version of House Bill 8 (HB 8) that is expected to reduce the individual income tax rate by 1 point over the next couple...

Jason Bailey | April 1, 2022

Senate Budget Proposal Analysis Featured Image 1

Analysis

Budget Agreement Includes Only Modest Increases in Most Areas of Budget, Salary Increases for State Workers

The 2022-2024 budget agreement announced today includes only very modest funding increases for critical state services across the budget. Investments in education and other areas are small, especially considering the...

Ashley Spalding, Dustin Pugel and Jason Bailey | March 29, 2022

HB 607 General Fund Tax Revenue Remains Low

Analysis

Proposal Would Continue to Tax Slot Machines at Egregiously Low Level

A bill that was supposed to raise the tax on historical horse racing (HHR) slot machines (HB 607) doesn't increase the tax rate and only tinkers with the proceeds to...

Jason Bailey | March 29, 2022

HB 8 op ed featured image

Op-Ed

House Tax Bill Would Wreck Kentucky’s Budget to Benefit the Wealthy

House Bill 8, which passed the Kentucky House last week, is the most fiscally destructive legislation ever considered in the commonwealth. It tries to get something for nothing by phasing...

Jason Bailey | March 10, 2022

Senate Budget Proposal Analysis Featured Image

Analysis

Senate Budget Cuts Education Funding Further From Modest House Plan

Despite a once-in-a-generation budget surplus, the Senate budget includes $1.3 billion less in spending over the biennium than the already-modest House plan (and $2.8 billion less than the governor had...

Jason Bailey | March 9, 2022

HHI by county

Analysis

Income Tax Cuts Will Widen Inequality in Kentucky

To pay at least in part for income tax cuts for the wealthy, the House budget proposal shorts investments in schools, health, human services and infrastructure. Given historic revenue levels,...

Anna Baumann | March 3, 2022

HB 8 Revenue Impact by Fiscal Year

Analysis

House Tax Bill Would Devastate Kentucky’s Budget for a Giveaway to the Wealthy

HB 8 would begin aggressively cutting Kentucky’s income tax rate next year and eventually completely eliminate it, devastating funding for Kentucky’s schools, health, human services, infrastructure and other needs. The...

Jason Bailey | February 25, 2022

Who Pays State Local Taxes in Kentucky

Analysis

Senate Income Tax Rebate Unfairly Leaves Out Low-Income Kentuckians, Could Force Some to Repay It

Today the Senate Appropriations and Revenue Committee moved forward a $1.15 billion income tax rebate that will give away a huge portion of the revenue surplus that could otherwise be...

Jason Bailey | February 24, 2022

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Budget & Tax News

1 Bills That Didn’t Survive the Ky. Legislative Session (But Could Come Back Next Year)

2 Kentucky Tonight: Recap of the 2022 Legislative Session

3 Veto Period Begins for the Kentucky General Assembly

4 8 Just-Passed Bills in Kentucky That You Should Be Mad About

5 Kentucky Lawmakers Pass New Two-Year Budget With Modest Increases, $1 Billion Unspent

View All Budget & Tax News Items

The Experts

Cancel Student Debt, and Recommit to Education as a Public Good

Jason Bailey

Budget Agreement Includes Only Modest Increases in Most Areas of Budget, Salary Increases for State Workers

Ashley Spalding

The 2022 General Assembly Passed More Bills Increasing Incarceration Than Decreasing It, and Failed to Make Other Badly Needed Justice Changes

Pam Thomas

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