Expanded Federal Earned Income Tax Credit Would Be Big Benefit to Kentucky Workers
The President’s budget for 2015 includes several important improvements to the Earned Income Tax Credit (EITC) and Child Tax Credit...
Analysis
Budget Cuts Threaten Kentucky’s Ability to Sustain and Grow Progress in Adult Education
Each year Kentucky Adult Education (KYAE) helps thousands of Kentuckians across the state prepare to take the GED, improve literacy and increase English as a second language skills. These services...
Fund Transfers Can Harm Needed Programs and Result in Higher Costs
With deep budget shortfalls and very modest revenue growth predicted in the coming biennium, the Governor has put forward $371 million in fund transfers as a way to help balance...
Diverting Lottery Revenues Makes College Less Affordable For Those Who Need It Most
The state is increasingly diverting lottery revenues from financial aid programs to help shore up the budget, as described in a Lexington Herald-Leader story today. Those dollars are coming from...
Top 1 Percent of Kentuckians Captured Nearly Half of State Income Growth over Last Few Decades
The top 1 percent of earners in Kentucky took home 48.8 percent of state income gains from 1979 to 2007—a share in line with the national average of 53.9 percent—according...
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...
Increase in Tipped Minimum Wage Is Long Overdue
Stagnant or falling real wages for many Kentucky workers threatens their standard of living and is leading to growing income inequality. One of the causes of inadequate wages is the...
Statement on Governor Beshear’s State of the Commonwealth Address
KCEP Director Jason Bailey released the following statement on Governor Beshear's State of the Commonwealth address: "Governor Beshear rightly focused his speech on the need for more resources to help...
Official Revenue Estimate for Next Budget Slightly Worse than Weak October Forecast
The group of economists charged with predicting how much revenue Kentucky will have in the coming budget cycle approved a very modest revenue forecast for the next budget that’s slightly...