Past Underfunding of Pensions Hurts in Multiple Ways
The conversation in the Public Pension Working Group has returned to debates about what caused Kentucky's plans to be poorly...
Budget & Tax
Yes to More Sunlight on Lobbying, No to Private School Tax Credits
Yes to More Sunlight on Lobbying, No to Private School Tax Credits By the Editorial Board
Impending Loss of Federal Toll Credits Makes Kentucky’s Transportation Funding Hole Even Deeper
Over the past few years, there has been much discussion about the need for additional resources to support Kentucky’s crumbling transportation infrastructure. The funding hole that currently exists becomes even...
State Should Move Forward With Recommendations to Shed Light on Tax Expenditures
Kentucky loses more than $13 billion every year through tax expenditures – tax breaks, exemptions and exclusions that leave us with less money for investments in schools, infrastructure and other...
Pension Bills Cut Benefits, Will Have Minimal Impact on System Health
The two pension bills introduced last night in the hastily-called special session (House Bill 1 and House Bill 2) include many of the benefit cuts that target future and current...
Reenacting Pension Bill Would Cause More Harm
The Kentucky Supreme Court threw out the 2018 pension bill on procedural grounds today, ruling that it violated the constitutional requirement that a bill receive three readings on three different...
Repealing Combined Reporting in Kentucky Would Re-Open a Major Tax Loophole for Big Corporations
Since the end of the 2018 legislative session, there has been an ongoing effort by large, multistate corporations to repeal “combined reporting” – one of the few components of House...
Falling Medicaid Enrollment Further Counters the Need for Cuts
Recent claims of a “shortfall” in the budget for Medicaid benefits – an unwarranted alarm based on a misrepresentation of budget numbers – are further undercut by the fact that...
New Report Shows Kentucky’s Tax System Worsens Income Inequality
In Kentucky, the income inequality that exists between our poorest and wealthiest residents is magnified by the structure of our tax system. And thanks to the new tax law enacted...
‘Sky is Falling’ Pension Story Not Backed by Facts
As the pension bill that passed in the 2018 session awaits a ruling from the state Supreme Court, we’re hearing false claims the systems will collapse if the bill is...