Forecast Confirms Weak Revenue Growth for Next Budget
The official body charged with predicting revenues for the state budget met yesterday and confirmed a weak revenue forecast for...
Budget & Tax
Will the 2020 Budget Session Be Like Watching Groundhog Day?
Groundhog Day in 2020 is less than a week after Governor-Elect Beshear is due to lay out his budget proposal to the General Assembly. Shortly after, the legislature will begin...
Slot Machines Multiplying Rapidly Across Kentucky While State Deeply Undertaxes Them
Betting using instant wagering machines, which resemble and operate similar to slot machines, has exploded across Kentucky and thousands more machines will come online in the near future. Yet the...
Increased Funding Is Improving Kentucky’s Pension Plans
The General Assembly’s return to making full contributions to Kentucky’s pension systems in recent years is improving the systems’ health, as shown in newly available year-end reports. The challenges that...
Kentucky’s Budget Outlook
In January, the governor will propose and the General Assembly will begin deliberation about a new two-year state budget. The pieces are starting to come together around what the budget...
Policy Choices Pushing Kentucky’s Corporate Taxes Down
When the General Assembly meets to craft a new state budget starting in January, they will do so with less revenue available from corporations. The reduction in corporate tax revenues...
Support Health in Kentucky With a Stronger State Budget
It’s officially flu season, and a good time of year to get serious about Vitamin C intake, getting enough sleep and extra handwashing. Behavior matters, of course, but Kentuckians’ ability...
Will Kentucky Keep Choosing Special Interests Over Our Commonwealth?
A few days before my two elementary schoolers bounded up the steps of the bus for their first day back to school, the Consensus Forecasting Group (CFG) – the official...
Impact of Cuts to Public Higher Education in Kentucky Continues as Students Begin Classes
College students on campuses across Kentucky are starting a new academic year amidst the state’s continued higher education affordability challenges. With the 2020-2022 budget process around the corner in January,...
Troubling Revenue Picture Emerges Due to Recent Tax Cuts
Last week, the Consensus Forecasting Group (CFG), the official body charged with forecasting revenue for the commonwealth, met to determine planning revenue estimates for the current and next four fiscal...