Despite Good Growth in 2015, Erosion Still Hurting Revenue
The good news is Kentucky’s economy grew faster in budget year 2015, and tax revenue grew with it — by...
Research
10 Reasons to Celebrate Medicaid’s 50th Birthday
50 years ago today, President Lyndon Johnson signed the law creating Medicaid, the health care program for the poor and elderly. In lieu of big cakes with candles, here are...
Retirement Income Growing Much Faster than Wages, Spelling Trouble for State Revenues
Kentucky must begin an active search for revenue options to begin fully paying down our pension debt and make public investments that will move the state forward. One issue that...
Road Fund Helped by 2015 Fix but Still Feeling Funding Challenges
Kentucky ended budget year 2015 with a $20 million shortfall in Road Fund receipts, meaning slightly less money has come in than what was budgeted to invest in and maintain...
Year-End Revenues Highlight Importance of Individual Income Tax
Kentucky ended its budget year with General Fund revenues $165.4 million more than anticipated, equaling growth of 5.3 percent from the year before. The individual income tax is the main...
Yes, the Minimum Wage Helps Fight Poverty
In testimony yesterday to the Lexington Fayette Urban County Council on raising the local minimum wage to $10.10 an hour, a University of Kentucky economics professor argued against a wage...
Busting a Right-to-Work Myth: Why Unions Need to Cover ‘Free Riders’ in RTW States
Despite misleading explanations from “right-to-work” (RTW) advocates, the point of such laws is straightforward: weaken workers’ ability to band together through unions for better job conditions and pay. The law...
Visual: Who Benefits from Lexington Raising the Minimum Wage?
The Lexington-Fayette Urban County Council is considering an incremental minimum wage increase to $10.10 per hour for its workers over the next three years. Lexington would be the second city in...
The Safety Net Is Effective at Fighting Poverty in Kentucky, Should Be Protected
More than 800,000 Kentuckians are lifted out of poverty each year by safety net programs including Social Security, SNAP (formerly food stamps) and low-income tax credits for working families according...
Working Family Tax Credits Support Kentucky Moms and Kids
Mother’s Day is a fitting time to celebrate the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC), two working family programs that help 296,000 Kentucky mothers make ends...