Governor’s Veto Means Budget Depends on Managed Care Savings and Anticipated Revenue
Governor Steve Beshear’s selective veto of legislation addressing the hole in the Medicaid budget means no additional budget cuts at...
Report
Four Revenue Options that Should Be on the Table
The Kentucky legislature is debating ways to address the hole in the state’s Medicaid budget. The options under consideration include immediate across-the-board budget cuts as well as eventual cuts to...
House Federal Budget Proposal Means Major Cuts in Kentucky from Head Start to Clean Water
The House federal budget proposal for 2011 would reduce educational opportunity for thousands of Kentucky pre-school kids, college students, and adults needing job training; eliminate funding for the home weatherization...
Senate Budget Proposes $148 Million in Cuts
Both the House and Senate versions of House Bill 305 close a sizeable hole in the state’s Medicaid budget for 2011. The House version claims potential savings through use of...
Farmer’s High-Risk Overhaul Creates Imbalance in Kentucky’s Tax System
House Bill 196, sponsored by Representative Bill Farmer, proposes to overhaul Kentucky’s tax system by eliminating income taxes on individuals and corporations while greatly expanding the sales tax base. The...
Kentucky Will Forego $90 Million for Jobless Workers Unless Unemployment Insurance Updates Made by August
Kentucky stands to miss out on $90 million in federal incentive monies unless it enacts measures by August 2011 to modernize its unemployment insurance system. Those changes would increase access...
Using the Federal Income Tax Cuts to Help Address Kentucky’s Budget Challenge
The federal tax compromise passed by Congress in December included extensions to income tax cuts resulting in over $1 billion in tax breaks to the wealthiest 5 percent of Kentuckians...
Reforms Needed to Bring Greater Scrutiny to “Tax Expenditures”
Every year Kentucky loses billions of dollars in revenue through special tax preferences and breaks for individualsand businesses that are written into the tax code. Yet there is very little...
End of Recovery Act Funds Could Mean Serious Budget Challenge for Kentucky
Kentucky’s budget situation would have been much worse without the $3.4 billion in funds provided to the state through the American Recovery and Reinvestment Act. But Recovery Act dollars are...