Details of Revenue Shortfall Should Not Be Misinterpreted to Support Bad Tax Ideas
A $90 million revenue shortfall for FY 2014 adds to Kentucky’s challenge as the state moves forward into the new...
Budget & Tax
What’s Behind the State’s Revenue Shortfall?
Now that Kentucky has ended its 2014 budget year, the governor’s office will announce how big the state’s year-end revenue shortfall is sometime in the next two weeks. It’s expected...
Why Kentucky Is Especially Vulnerable in Revenue Shortfall
Kentucky ended its 2014 budget year on June 30, and we will soon hear a final tally on the size of the state’s revenue shortfall. This spring, officials had predicted...
Making Kynections to Other Policy Matters
Kentucky is gaining much-deserved national attention for the initial success of Kynect, the state’s new health insurance marketplace. Since Kynect’s launch, 413,000 Kentuckians have signed up for coverage either through...
Growing Tuition Tax Credit Denies Students in Poverty Even As Need-Based College Aid is Underfunded
Kentucky’s recently released biennial tax expenditure report, which documents state spending through provisions in the tax code, shows a growing amount of money going to a program called the Postsecondary...
State EITC Would Make a Regressive Tax System Fairer
Previous posts have described how a state Earned Income Tax Credit (EITC) would help working low-income Kentuckians make ends meet and reach every corner of the state. A state EITC would also make...
Cutting State Income Taxes No Way to Attract New Residents
Anti-tax advocates often claim that cutting individual income taxes, especially for those at the top of the income scale, is vital if states want to keep wealthy people at home...
What Are Taxes For?
Tax Day is an important time for Kentuckians to consider the role of government in our state and nation. Taxes are a critical tool for doing things together that we...
Kentucky Budget Falls Short
While it is good to see the chambers of the Kentucky General Assembly come together to pass a budget, the new budget falls short of what it will take to...
Tax Break Bill a Setback for Revenue System
The General Assembly inserted some last minute tax breaks benefiting powerful interests into House Bill 445—the revenue bill that accompanied the new budget—before passing the bill and adjourning for the...