Small Tax Breaks’ Costs Add Up Over Time
Cleaning up expensive tax breaks is essential if we are going to invest in a stronger Kentucky and restore funding...
Budget & Tax
Proposed 401ks Cost More Than Kentucky’s Existing Pension Plans
The 401k-type defined contribution (DC) plans proposed by PFM in their final report would cost more than Kentucky’s existing defined benefit (DB) plans, according to data from PFM itself and...
Pensions Need Responsible Funding Plan, Not Exaggerated Claims
Click to view as PDF. The series of reports from PFM on Kentucky’s pension systems overstate serious challenges with the condition of the state’s plans to justify drastic cuts in benefits....
Clawback of Cost of Living Adjustments Would Be Major Hit to Retiree Checks
The Bevin administration's consultant recommends a massive cut to many retirees' incomes by rolling back past cost of living adjustments (COLAs) — a proposal that could reduce pension checks by...
PFM Report Uses Exaggerated Claims to Justify Harsh, Counterproductive Cuts
The final report from the state’s pension consultant PFM uses exaggerated claims about the condition of all of the state's pension plans to justify harsh and ultimately counterproductive cuts to...
Pension Session Without New Revenues Won’t Fix Problem
In January, Gov. Bevin announced he would call a special session this year on pensions and tax reform. At the time, he said the issues must go together and rightly...
Pell Grant Cuts Would Reduce College Access and Economic Opportunity in Kentucky
The recent U.S. House budget resolution would slash the Pell Grant program by $75 billion over the next decade, cutting the maximum grant by $1,060 or 18 percent. Pell Grants...
Five Things to Keep in Mind as College Students Head Back to School
In colleges across Kentucky, students are beginning their fall semester — some for the first time, some returning to complete a degree. Here are five things about higher education in...
Switch to 401k-Type Plan for Kentucky Public Employees Will Cause More Harm
Click to read the report as a PDF. Click for a one-page summary of the report. Kentucky needs solutions that work to pay down its unfunded pension liabilities. A new...
School Funding Challenges Remain as Students Return to Classrooms
The beginning of a new school year is often a time of excitement for kids, parents and educators. But it’s also a time state funding cuts and freezes to K-12...