New report underscores the need and opportunity for tax reform in Kentucky
Now is the time for Kentucky to reform its tax code to more aggressively compete for jobs and people is the key theme of a…
Taxes & Budget
Kentucky could see another budget surplus, according to preliminary estimates
Kentucky could be looking at another budget surplus for the current fiscal year, based on preliminary revenue estimates. The Consensus Forecasting Group (CFG) met yesterday…
Gov. Beshear budget proposal puts more money toward education and other areas with new tax dollars
Kentucky Gov. Andy Beshear presented his budget proposal Tuesday night that increases funding for K-12 and higher education, provides a raise for teachers and state…
House and Senate leaders say tax reform 2.0 will be a priority in 2020
With additional tax and pension reforms, as well as infrastructure investment still on the table going into a budget year in 2020, which will also…
Rep. Jason Nemes says votes are close for pension special session, discusses marijuana legalization and other top priorities
In an interview with The Bottom Line on Thursday, Rep. Jason Nemes of Louisville said the House is very close to having the votes to…
Pension system exit plan for many agencies heads back to the House
After a change in Senate committee adding quasi-governmental agencies to legislation allowing Kentucky’s regional universities an exit from the pension system, the state Senate passed…
Lawmakers agreed on tax reform package with addition of low-income tax credit and lowered tax rate for banks
In the free conference committee on tax reform Wednesday morning, lawmakers decided on a final tax reform plan, which they plan to vote on in…
Lawmakers begin discussions about billions in untapped revenue because of tax exemptions
In the House Appropriations and Revenue Committee on Tuesday, legislators began the discussion about how to tackle the issue of tax exemptions as billions of…
House overwhelmingly passes fixes to tax reform package and budget, move bills to Senate
On Thursday, the state House passed two bills making changes to the state’s tax reform package and two-year state budget passed in 2018. After the…
Legislation filed to bring increased investment to state roads through new funding formula
On Wednesday, the final day to file bills in the state House, legislation was brought forth to generate more money for Kentucky’s roads and bridges….