Budget & Tax

Governor’s Budget Invests in Education and Infrastructure Using Dollars Otherwise Piling Up in Excessive Reserves

Governor Beshear’s 2024-2026 budget proposal expands investment in a variety of public services, with a focus on education and infrastructure,...

Report

The Money Is There and So Are the Needs: Preview of the 2024-2026 Budget of the Commonwealth

Introduction The General Assembly faces a critically important opportunity with the 2024-2026 Budget of the Commonwealth. A strong national economy has resulted in robust recent state revenue growth, but the...

Analysis

Local Sales Tax Amendment Could Lead to Wider Inequality Without Better Funding Local Services

Under Kentucky’s constitution, there are limits on the types of taxes the General Assembly may authorize local governments to levy, and local sales taxes are not allowed. [efn_note]As currently interpreted,...

Analysis

Kentucky Is Excessively Stockpiling Needed Resources and Prioritizing Costly Tax Cuts

In recent years, the Kentucky General Assembly has prioritized an effort to reduce its single largest revenue source, the individual income tax. After decades with a graduated income tax and...

Analysis

New Federal Laws Can Create Opportunities in Kentucky, If We Act on Job Quality and Community Access

In recent years, Congress has passed several sweeping federal policies that aim to create jobs, modernize the economy and boost key industries. Early returns are promising in Kentucky, which is...

Analysis

Drop in Income Tax Receipts Is a Glimpse of Future Trouble

Five months into Kentucky’s experiment in reducing the individual income tax rate, the verdict is unsurprising. Cutting the rate is causing income tax receipts to fall despite low unemployment and...

Analysis

State Budget Changes in 2023 Session Increase Future Risk

The General Assembly reduced future revenues substantially this session by passing House Bill (HB) 1, a law that will further shrink Kentucky’s largest revenue source by cutting the state income...

Op-Ed

Shorting State Workers’ Pay Hurts Us All

Last year, the General Assembly provided the first meaningful raise to workers in state government in 14 years by providing an 8% cost of living adjustment. Though that increase was...

Analysis

HB 444 Leaves $110 Million On the Table for State Worker Pay

Last year, the General Assembly provided a badly-needed 8% raise for state workers in fiscal year 2023, reversing a 14-year trend of low or no cost-of-living increases. At the same...

Analysis

‘Transplant’ Bill Would Give Large Windfall to Companies Recruiting Remote Workers

A bill aimed at relocating higher-income remote workers to Kentucky could cost the state up to $200 million and widen inequality without necessarily drawing many people to Kentucky who aren’t...

Governor’s Budget Invests in Education and Infrastructure Using Dollars Otherwise Piling Up in Excessive Reserves

The Money Is There and So Are the Needs: Preview of the 2024-2026 Budget of the Commonwealth

Local Sales Tax Amendment Could Lead to Wider Inequality Without Better Funding Local Services

Kentucky Is Excessively Stockpiling Needed Resources and Prioritizing Costly Tax Cuts

New Federal Laws Can Create Opportunities in Kentucky, If We Act on Job Quality and Community Access

Drop in Income Tax Receipts Is a Glimpse of Future Trouble

State Budget Changes in 2023 Session Increase Future Risk

Shorting State Workers’ Pay Hurts Us All

HB 444 Leaves $110 Million On the Table for State Worker Pay

‘Transplant’ Bill Would Give Large Windfall to Companies Recruiting Remote Workers

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