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Budget & Tax

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Analysis

Legislature Moved Goalposts to Meet Conditions for Tax Cuts Whose Bill Is Now Coming Due 

The conditions have been met for the General Assembly to potentially cut the individual income tax rate from 4% to...

Pam Thomas and Jason Bailey | August 23, 2024

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Report

The Impact of Diverting Public Money to Private School Vouchers in Kentucky

This November, Kentuckians will vote on an amendment to the state constitution that would permit the General Assembly to spend public money on private schools. [efn_note]House Bill 2, 2024 Regular...

Jason Bailey, Dustin Pugel, Joanna LeFebvre and Pam Thomas | July 15, 2024

Photo for website

Op-Ed

The Income Tax Was Never Going to Be Eliminated. But Admitting So Matters.

An important shift may have happened last month when the Kentucky House Speaker said the General Assembly will not be eliminating the state's individual income tax after all, as reported...

Jason Bailey | June 10, 2024

Budget Agreement Maintains Modest Spending for Education and Other Needs Despite Funds Available to Do More 

Analysis

Budget Agreement Maintains Modest Spending for Education and Other Needs Despite Funds Available to Do More 

The final budget agreement spends significant dollars out of the Budget Reserve Trust Fund (BRTF) primarily on infrastructure and very specific local projects. However, it remains largely austere when it...

Jason Bailey, Pam Thomas, Dustin Pugel, Ashley Spalding and Kaylee Raymer | April 16, 2024

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Analysis

Senate Budget Includes Much More Infrastructure Spending, Remains Austere When It Comes to Other Needs

The Senate has proposed a budget that spends significant dollars out of the Budget Reserve Trust Fund (BRTF), primarily on infrastructure projects, much more than the House proposed. However, the...

Jason Bailey, Pam Thomas, Dustin Pugel, Ashley Spalding and Kaylee Raymer | March 13, 2024

capitol

Analysis

House Passes Austere Budget That Adds to Already Overfunded Reserves and Aims for More Tax Cuts

Kentucky has a historic opportunity to invest in critical community needs, but the House passed a modest budget – lacking adequate funds for areas like education, child care, housing and...

Jason Bailey, Pam Thomas, Dustin Pugel and Ashley Spalding | February 8, 2024

itep report

Analysis

Kentucky Plummets in State Ranking of Tax Fairness

Because of recent legislative changes, Kentucky’s tax system is rapidly becoming much more inequitable, according to a new report by the Institute on Taxation and Economic Policy (ITEP). Kentucky has...

Jason Bailey | January 9, 2024

ky house of representatives

Analysis

Substantial Revenues Are Available for Both Recurring and One-Time Needs, Unless Lawmakers Budget for More Tax Cuts

The budget debate is well under way in Frankfort, but the discussion is clouded by confusion and misinformation about the types of resources available and the consequences of taking advantage...

Jason Bailey | January 5, 2024

This Year, the Legislature Has the Money to Pass a Budget that Delivers for Kentuckians

Op-Ed

This Year, the Legislature Has the Money to Pass a Budget that Delivers for Kentuckians

What would you do if you had billions of dollars to help meet the needs of your fellow Kentuckians? Would you use the money to address the teacher and bus...

Adam K. Raymond | January 4, 2024

kentucky governor's mansion

Analysis

Governor’s Budget Invests in Education and Infrastructure Using Dollars Otherwise Piling Up in Excessive Reserves

Governor Beshear’s 2024-2026 budget proposal expands investment in a variety of public services, with a focus on education and infrastructure, and pays for that expansion with billions of dollars otherwise...

Jason Bailey | December 19, 2023

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Budget & Tax News

1 ‘The Money Is There’: Kentucky Together Coalition Calls on Lawmakers to Pass a Budget that Delivers

kentucky together press conference

2 Coalition: Kentucky Has the Money for a Budget That Delivers

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

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

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

View All Budget & Tax News Items

The Experts

Kentucky Teacher Pensions Are Getting Smaller

Jason Bailey

The Hidden Web of Criminal Legal System Fines and Fees in Kentucky

Ashley Spalding

The Hidden Web of Criminal Legal System Fines and Fees in Kentucky

Pam Thomas

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