Film Industry Tax Credits are Growing Rapidly and Pose a Significant Threat to State Revenues
In a recent important article, the Lexington Herald-Leader examined the proliferation of Kentucky’s film industry tax credits. The state’s law...
Analysis
Pension Framework Makes Harsh Benefit Cuts, Adds Costs Without New Revenue
The governor and legislative leaders released a framework today that makes substantial cuts to pension benefits for current workers, new employees and even retired teachers. It includes a shift to...
Report Shows Kentucky’s Preschool and Kindergarten Programs Effective, Need Greater Investment
High quality early childhood education has long been understood to be an important investment with a significant return. While our state has done more in recent years to expand access...
Group Provides Insight Into Growth of Kentucky’s Inmate Population
The Kentucky Justice Reinvestment Work Group, which held its third meeting this week, plans to propose criminal justice reforms in December for consideration during the 2018 General Assembly. The first...
Social Security Disability Insurance Works for Vulnerable Kentuckians
There are many misconceptions about Social Security Disability Insurance (DI). Despite recent arguments that DI is a hindrance to people’s wellbeing and the commonwealth’s economy, it is instead a vital...
Pension Legislation Should Solve Real Problems and Avoid Harmful Consequences
Legislative leaders say they will soon share a framework for potential pension legislation the General Assembly will consider in a special session this fall. Big questions loom over the legislation,...
Level Dollar Approach Shifts Enormous Burden to Upcoming Budget
The proposed level dollar approach to funding Kentucky’s pension liabilities would shift a large burden to our upcoming state budget and ask comparatively little from budgets a couple of decades...
Federal Tax Cut Framework Is Designed for Millionaires
Under the tax framework released last week by the Trump administration and Congressional leaders, the wealthiest 1 percent of Kentuckians would get 49.5 percent of the total tax cut received...
5 Things Kentuckians Need to Know About Federal Budgets Being Voted on This Week
This week both the U.S. House and Senate are expected to vote on budget proposals that would have a devastating impact on Kentuckians. The full House will be voting on...
Kentucky Will Face Transition Costs If It Switches to 401ks
Proponents are claiming Kentucky will face no transition costs from shutting down its defined benefit (DB) pension plans and moving employees into 401k-type defined contribution (DC) plans. That assertion ignores...