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Budget & Tax

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Analysis

State Budget Changes in 2023 Session Increase Future Risk

The General Assembly reduced future revenues substantially this session by passing House Bill (HB) 1, a law that will further...

Jason Bailey and Pam Thomas | March 31, 2023

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Op-Ed

Shorting State Workers’ Pay Hurts Us All

Last year, the General Assembly provided the first meaningful raise to workers in state government in 14 years by providing an 8% cost of living adjustment. Though that increase was...

Dustin Pugel | March 17, 2023

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Analysis

HB 444 Leaves $110 Million On the Table for State Worker Pay

Last year, the General Assembly provided a badly-needed 8% raise for state workers in fiscal year 2023, reversing a 14-year trend of low or no cost-of-living increases. At the same...

Dustin Pugel | March 7, 2023

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Analysis

‘Transplant’ Bill Would Give Large Windfall to Companies Recruiting Remote Workers

A bill aimed at relocating higher-income remote workers to Kentucky could cost the state up to $200 million and widen inequality without necessarily drawing many people to Kentucky who aren’t...

Jason Bailey and Pam Thomas | March 7, 2023

bardstown

Op-Ed

Cutting Bourbon Industry Taxes Harms the Communities That Sustain It

Kentucky’s bourbon and spirits industry had a banner year in 2022, with announcements of a record $2.1 billion in new investments. According to the Kentucky Distillers Association (KDA), 2.4 million...

Pam Thomas | March 2, 2023

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Analysis

Eastern Kentucky Needs Legislature’s Help to Address Post-Flood Housing Crisis

Catastrophic floods wreaked havoc in eastern Kentucky last July, killing 44 people and requiring 1,334 more to be rescued by boat and helicopter. The floods also destroyed or seriously damaged...

Jason Bailey | February 15, 2023

ky house of representatives

Analysis

Top House Priorities Show Conflict Between Reducing Revenues and Rising Costs

The House's top priority (HB 1) in the 2023 legislative session is a bill to continue reducing the state's income tax, the source of nearly half of state revenue. Lawmakers...

Jason Bailey | January 31, 2023

capitol

Analysis

Reducing the Income Tax Will Weaken the Commonwealth

House Bill 1 in the 2022 Kentucky General Assembly is the next step in a legislative effort to phase down and even eliminate Kentucky’s income tax. This policy path is...

Jason Bailey | January 23, 2023

bourbon barrels

Analysis

Kentucky’s ‘Booming’ Bourbon Industry Doesn’t Need Another Tax Cut

Kentucky’s bourbon and spirits industry had a banner year in 2022, with announcements of over $2.1 billion in new investments and 700 jobs created, both record highs. According to the...

Pam Thomas | January 12, 2023

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Testimony

Testimony on House Bill 1: Tax Cuts Benefit the Wealthy at the Expense of Everyone Else

Pam Thomas, Senior Fellow for KyPolicy, delivered the testimony below to the House Appropriations and Revenue Committee on Thursday, January 5. The committee was considering House Bill 1, which would...

Pam Thomas | January 10, 2023

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Budget & Tax News

1 What Could Kentucky Do With $1.2 Billion a Year? 

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2 ‘Transformational’ or a ‘Reckless’ Spending Spree? A Kentucky Economic Think Tank and the State’s Leading Republican Take on Democrats’ Latest Legislation

3 “Nothing Like This in the Country.” “Enormous” West End TIF District Would Be Kentucky’s Largest.

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

5 Kentucky Tonight: Recap of the 2022 Legislative Session

View All Budget & Tax News Items

The Experts

Facts Don’t Support Economic Argument for Proposed Federal Prison in Letcher County 

Jason Bailey

Facts Don’t Support Economic Argument for Proposed Federal Prison in Letcher County 

Ashley Spalding

Public Schools Are Becoming a Lower State Budget Priority

Pam Thomas

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