Cash Balance Plan Likely to Increase Costs, Impact the Quality of Public Services and Reduce Retirement Security
While the primary pension challenge Kentucky faces is how to find the revenue to pay back the existing unfunded liability,...
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Proposed Cash Balance Pension Plan for New Workers Projected to Increase Costs
The cash balance plan for new workers proposed in Senate Bill 2 would make paying Kentucky’s unfunded pension liability harder by adding approximately $55 million in state costs over the...
Four Key Facts about Public Pensions in Kentucky
As Kentucky legislators consider changes that could cut pension benefits for nurses, social workers, police officers and other public sector workers, they should keep in mind four important facts. Public...
Crossing the Finish Line: Overcoming Barriers to Community College Degree and Credential Attainment in Kentucky
With Kentucky working to increase college graduation rates, the state should invest more in support strategies that can help disadvantaged Kentucky adults and other students obtain the degrees and credentials...
Another Corporate Tax Cut Is Not the Answer
A proposal to change the way Kentucky calculates corporate income taxes for big multistate corporations would be a costly experiment that’s just as likely to harm the state’s economy as...
Myths and Facts about an Earned Income Tax Credit in Kentucky
The federal Earned Income Tax Credit (EITC) is widely known as a highly effective antipoverty program that helps low-income families make ends meet and provides long-term benefits for children. In...
Public Versus Private Employee Costs in Kentucky: Comparing Apples to Apples
While a state task force considers further cuts to public employee pension benefits, a new report shows that Kentucky public workers are already undercompensated compared to their private sector counterparts....
Kentucky’s Income Tax: Protecting and Strengthening a Key to Growth
The individual income tax is the largest, most productive and fairest tool Kentucky has to generate needed revenues. It should be protected and strengthened as part of any tax reform...
Budget Makes Education Goals Harder to Achieve with Cuts to Per-Student Funding
Kentucky has set high goals and taken great strides in improving educational achievement and degree attainment rates. However, the 2013-2014 state budget will make progress difficult over the next two...
Promoting Long-Term Investment in Appalachian Kentucky: A Permanent Coal Severance Tax Fund
Forecasts predict dramatic declines in eastern Kentucky coal production in future years, heightening the need for a strategy to transition the region’s economy. A permanent coal severance tax fund, as...