Federal Relief Shored Up Kentucky’s Budget, but New Projections Raise Big Concerns About Remainder of Year
The economic downturn caused by the COVID-19 pandemic has harmed Kentucky’s revenues and budget, but in the last fiscal year...
Budget & Tax
Why the Senate COVID Proposal Fails to Meet Kentucky’s Economic Needs
The new Senate aid proposal, known as the Health, Economic Assistance, Liability and Schools (HEALS) Act, falls far short of the breadth and depth of aid needed to fight the...
Kentucky’s Senators Must Agree to Adequate Federal Aid for the State to Survive Recession
A couple months ago, some public officials and corporate lobbyists began eagerly calling for states to reopen rapidly as the way to solve the COVID-19 problems of mass unemployment and...
COVID-19 Downturn Is Hitting Certain Industries and Regions of the State Especially Hard
Kentucky lost 15.5% of its jobs in April due to the COVID-19 pandemic with industries like hotels, restaurants and manufacturing especially hard hit. Because urban areas tend to have more...
What’s in the HEROES Act for Kentucky
The U.S. House of Representatives has passed the HEROES Act, a bill that would provide the kind of substantial economic relief Kentucky and other states need in the face of...
Cities and Counties Need Federal Relief to Continue Providing Crucial Services
As with states, local governments in Kentucky and nationwide need significant federal relief if they are to continue providing crucial front line and community services through the COVID-19 pandemic. Measures...
New Forecast Shows Collapse in State Tax Revenues from COVID-19
Kentucky’s General Fund tax revenues will crater in the coming months due to the COVID-19 downturn, according to a new unofficial forecast released today by the Office of the State...
Lessons from the Great Recession: Kentucky and Other States Need More Federal Relief
PDF version: Lessons from the Great Recession: Kentucky and Other States Need More Federal Relief As the nation faces the economic fallout from the COVID-19 pandemic, it is critical that...
Kentucky’s Budget Faces Trouble Without More Federal Aid
The severe economic downturn caused by the COVID-19 pandemic spells trouble for Kentucky's budget. The state’s resources were already tight before the virus, but the resulting economic collapse will be...
What’s in the CARES Act for Kentucky
Congress has passed and the President has signed a new COVID-19 economic relief bill, the Coronavirus Aid, Relief and Security (CARES) Act. Here are some of its major provisions and...