New 2018 Cuts Hit Some Departments Harder Than Others
Last week the governor announced mid-year budget cuts for fiscal year 2018 that represent an overall cut of 1.3 percent...
Analysis
Massive New Federal Tax Cuts for the Wealthy Should Be a Resource for Kentucky’s Budget
Kentucky is facing a major gap in its next two-year state budget that could mean unprecedented cuts to education and other services. But the General Assembly could look to the...
Some Federal Lawmakers Want to Use New Tax Cuts for the Wealthy as Cause to Undermine Basic Supports for Kentucky Families
The tax bill Congress passed yesterday was the first in a two-step plan to cut taxes for the wealthy and corporations and pay for them later through cuts to critical...
Passage of the Dream Act Would Benefit Kentucky
In September, the Trump Administration announced the end of DACA (Deferred Action for Childhood Arrivals), a program established by executive order that granted immigrant youth who were brought to the...
New Tax Expenditure Report Obscures Growing Costs
The Office of State Budget Director (OSBD) released the Tax Expenditure Report for the 2018-2020 biennium late last month. The new report is misleading because it does not include in...
Year-End Results Show Progress Made on Pensions in Last Budget
New reports on Kentucky's public pension systems show substantial funding progress thanks to sharply increased contributions to the plans in the 2016-2018 budget. The extent to which those funding levels...
Plan to Front-Load Pension Payments Would Create Crisis in Next Budget
The pension framework under consideration would require Kentucky to make excessive increased payments for pension liabilities in the next state budget — even beyond the huge new contributions the state...
Senate Tax Plan Harms Low- and Middle-Income Kentuckians to Pay for Giveaways to Those at the Top
Like the top-heavy tax cut plan passed in the House last week, the plan now in front of the Senate would shift taxes away from millionaires and corporations and over...
How Federal Tax Proposals Threaten Investments in Kentucky’s Congressional Districts
The vast majority of Kentuckians would be worse off under recent federal tax cut proposals. Far from benefiting the average Kentuckian, the plans would put fiscal pressure on already strained...
Analysis Shows Pension Bill Adds Huge New Costs for Teachers’ Plan
A new analysis of the proposed pension bill by the actuary for the Teachers' Retirement System (TRS) shows huge new costs to the state from the legislation, including higher costs to...