Principles Critical to Effective Tax Reform
In his inaugural address, Gov. Steve Beshear called on the state to build a "foundation for a better tomorrow" by...
Budget & Tax
The College Affordability Crunch in Kentucky
A decade of state budget cuts in higher education, rising tuition, underfunded need-based financial aid and stagnating incomes are combining to make college less affordable in Kentucky. Student debt is...
State Releases More Pessimistic Revenue Forecast
The official body that approves state revenue estimates released a preliminary forecast today that projects nearly $500 million less in General Fund revenue for the upcoming two-year budget than the...
State Has Cut Education Funding Substantially from Pre-Recession Levels
The recession and weak recovery of the last few years have meant less revenue for the state budget, and the legislature has responded with cuts to many services. The state...
Focus on Spending Cuts Ignores Revenue Problem
Kentucky is in great need of a substantive conversation about how to better fund essential services in its state budget. But by ignoring the state’s revenue problems, the Kentucky Chamber...
State Revenue Growth Should Be Put Into Context
The first of a series of state estimates projects modest revenue growth over the next few years. But increases in revenue should be put into context. The economy is only...
One-Dimensional Reports Overlook Well-Documented Revenue Problem
By ignoring Kentucky's revenue problems, the Kentucky Chamber of Commerce's "Leaky Bucket" reports offer a narrow and potentially harmful response to the state budget picture. While smart spending decisions are...
What Will the Debt Ceiling Cuts Mean for Kentucky?
We don’t yet know what cuts Congress will make as a result of the deal made to raise the debt ceiling, and thus what the specific impact on Kentucky will...
2011 Revenue Results a Reminder of Importance of State Income Taxes
The $166 million in state revenues above projections for the fiscal year that just ended are helping prevent additional cuts to critical state services. They are also a reminder of...
Federal Medicaid Cuts Would Harm Kentucky’s Health and Economy
Among the budget options being debated in Washington are cuts in federal support for the Medicaid program. A new report by Families USA finds that in addition to impacting Kentuckians’...