Tax Expenditures Big Cause of Budget Problems, but Some Legislators Want More
There are three main reasons that the budget the legislature is now considering includes so many cuts. First, the economy...
Research
Tax Expenditures Big Cause of Budget Problems, but Some Legislators Want More
There are three main reasons that the budget the legislature is now considering includes so many cuts. First, the economy is still struggling. Second, federal recovery-related financial assistance to the...
Faster Job Growth is Encouraging, but Kentucky Still Has Long Way to Go
Job growth in Kentucky picked up in the last three months of 2011, as the state added 15,800 jobs. At the depths of the recession, Kentucky had lost 117,700 jobs....
Budget Would Further Reduce College Affordability
The barriers to affordable higher education--especially for low-income Kentuckians--will continue to grow under a budget that cuts funding to postsecondary institutions and limits need-based financial aid. Budget Would Further Reduce...
Inadequate Tax System Has Big Role in Austere Budget
While the still-weak economy and the end of federal recovery-related assistance are important factors in the tight budget now being considered in Frankfort, long-term structural problems with Kentucky’s tax system...
Governor’s Budget Proposes Deep Cuts on Top of Past Reductions
The Governor’s budget proposes cuts of up to 8.4 percent to many state services that have already been slashed deeply over the last few years. The cuts would leave even...
Kentucky Should Re-Enact Surcharge to Pay Unemployment Interest
Kentucky owes interest payments on the nearly one billion dollars borrowed from the federal government to pay unemployment insurance benefits during the economic downturn. The next interest payment, due September...
Letter: What a Tax Reform Plan Should Include
Governor Beshear has said that he will announce plans for addressing tax reform in the coming weeks. Here's what should be in a tax plan that would move Kentucky forward....
Kentucky Faces Serious Challenges with Next Budget
Lawmakers face a grim financial situation when they meet in January to craft a new budget for 2013 and 2014. The state has balanced past budgets in part by pushing...
The College Affordability Crunch in Kentucky
A decade of state budget cuts in higher education, rising tuition, underfunded need-based financial aid and stagnating incomes are combining to make college less affordable in Kentucky. Student debt is...