Measuring the Tax Plan Against Key Principles
Governor Beshear has released his tax reform proposal, and analysis and debate over the plan has begun. It’s important that...
Budget & Tax
How Governor’s Tax Plan Differs from Tax Commission’s Recommendations
Many of the proposals in Governor Beshear’s tax plan come from his Blue Ribbon Commission on Tax Reform. But his plan is also different—it leaves measures out that were included...
State EITC Would Help Working Kentuckians Afford Necessities
A state Earned Income Tax Credit (EITC), which is included in Governor Beshear’s tax proposal, would help several hundred thousand of Kentucky’s low- and moderate-income working families make ends meet—among...
Presentation: Kentucky State Budget Briefing
On January 24, KCEP held a State Budget Briefing that included a presentation describing the revenue context of the current budget situation, outlining past budget cuts and including some analysis...
Our Commonwealth: A Primer on the Kentucky State Budget
What is the Budget of the Commonwealth? Where does the money come from and for what does it pay? What are the processes by which the budget is made? The...
Governor’s Austere Budget Gives Small Bump to K-12, Cuts Funding for Many Areas
Governor Beshear's Executive Budget proposal provides a small amount of additional funding to K-12 education but not enough to fully restore the impact of six years of cuts and frozen...
Principles Must Guide Details of Tax Reform Proposal
Gov. Steve Beshear announced in his State of the Commonwealth address that he will propose a specific tax reform plan to the General Assembly in the coming weeks. His leadership...
Statement on Governor Beshear’s State of the Commonwealth Address
KCEP Director Jason Bailey released the following statement on Governor Beshear's State of the Commonwealth address: "Governor Beshear rightly focused his speech on the need for more resources to help...
Budget Preview Report: Kentucky Faces Choice of Reinvestment or Retrenchment in Next State Budget
Kentucky faces more cuts and continued underinvestment in critical services in the next two-year state budget unless lawmakers generate additional revenue, as outlined in KCEP’s new comprehensive budget preview report....
Official Revenue Estimate for Next Budget Slightly Worse than Weak October Forecast
The group of economists charged with predicting how much revenue Kentucky will have in the coming budget cycle approved a very modest revenue forecast for the next budget that’s slightly...