New Year-End Data Show Kentucky’s General Fund Continuing to Erode
In order to maintain investments in education, health, safety and other services that our citizens, businesses and communities rely on,...
Budget & Tax
Revenue Growth Will Need to Pick Up to Hit 2015 Forecast
State revenue is now expected to grow only 1.3 percent for the first three quarters of the new budget year that began in July, according to a just-released state interim...
Cutting Tax Rates Proving to Be a Fad Hurting State Budgets
Before going on a fad diet, it's best to check out how other folks are doing on the plan. Are they looking good and feeling more energized, or do they...
Five Factors Behind Shrinking Revenue Growth in the Recovery
The rate of revenue growth in Kentucky’s General Fund has slowed down between 2011 and 2014, as seen in the graph below. That’s a big part of why Kentucky’s budget...
Lopsided Recovery Reflected in Which Revenue Sources Have Grown
Since declining in 2009 and 2010 because of the recession, Kentucky's General Fund revenues have grown for four straight years. But the state’s different sources of revenue have grown or...
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 two-year budget. It’s important that the right conclusions about 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...