New Tax Expenditure Report Obscures Growing Costs
The Office of State Budget Director (OSBD) released the Tax Expenditure Report for the 2018-2020 biennium late last month. The...
Budget & Tax
Year-End Results Show Progress Made on Pensions in Last Budget
New reports on Kentucky's public pension systems show substantial funding progress thanks to sharply increased contributions to the plans in the 2016-2018 budget. The extent to which those funding levels...
Funding Gap Between Kentucky’s Wealthy and Poor School Districts Climbing Toward Pre-KERA Levels
A new report by the Kentucky Center for Economic Policy shows the funding disparity between Kentucky’s wealthiest and poorest school districts is getting closer to the level it was before...
The Funding Gap Between Kentucky’s Poor and Wealthy School Districts Continues to Grow
Click to view as a PDF As a result of decreasing reliance on state funding for education and an increasing reliance on local school district resources, the gap in per-pupil...
Plan to Front-Load Pension Payments Would Create Crisis in Next Budget
The pension framework under consideration would require Kentucky to make excessive increased payments for pension liabilities in the next state budget — even beyond the huge new contributions the state...
Kentuckians Can’t Live in a House of Cards
by Adrienne Bush, director, Housing and Homeless Coalition of Kentucky Remember building a house of cards when you were a kid? The more weight you added, the likelier it was...
Senate Tax Plan Harms Low- and Middle-Income Kentuckians to Pay for Giveaways to Those at the Top
Like the top-heavy tax cut plan passed in the House last week, the plan now in front of the Senate would shift taxes away from millionaires and corporations and over...
How Federal Tax Proposals Threaten Investments in Kentucky’s Congressional Districts
The vast majority of Kentuckians would be worse off under recent federal tax cut proposals. Far from benefiting the average Kentuckian, the plans would put fiscal pressure on already strained...
Analysis Shows Pension Bill Adds Huge New Costs for Teachers’ Plan
A new analysis of the proposed pension bill by the actuary for the Teachers' Retirement System (TRS) shows huge new costs to the state from the legislation, including higher costs to...
Exaggerated Pension Panic Fueling Harmful Bill
Kentucky needs a smart and measured plan to pay down our pension liabilities over time and improve our financial condition. But the bill released last week would cause unneeded harm...