Governor’s Budget Provides Some Short-Term Help But Needs Revenue to Improve and Sustain
Governor Beshear’s budget is now under consideration in the House. His plan has received praise for putting additional dollars in...
Budget & Tax
Limiting Expensive Income Tax Break for Higher-Income Retirees Is Important Part of Tax Reform
A limit on the state’s large retirement income tax break for higher-income people is an important component of tax reform, and Governor Beshear’s plan includes such a limit. Reforming the...
Tax Plan Misses Opportunity to Make Overall Tax System Fairer
The combined impact of the tax increases and tax cuts in Governor Beshear's reform proposal would not help improve the regressive nature of Kentucky’s tax system, according to analysis of...
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 this discussion keep in mind three principles that are needed...
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...