Kentucky to see tax reform, plan lowers individual rates and broadens base to some services
A plan reforming Kentucky’s tax code and generating more revenue for the state was released Monday morning that would lower the individual income tax and…
Taxes & Budget
Conference committee releases budget with focus on retiree health insurance and education funding
After many days of discussions and debate over what will be included in the next two-year state budget, the budget conference committee released their final…
Senate version of state budget prioritizes funds for pensions, education, and public safety without tax increases
As the state struggles to meet its financial obligations, the Senate version of the next two-year state budget puts an emphasis on record levels of…
Business community urges legislators to act on important infrastructure funding
On Tuesday, the House Appropriations and Revenue Committee heard testimony on legislation that would generate the funds needed to support the state’s infrastructure needs. House…
Senate budget could be ready by end of the week, not likely to include revenue measures from House budget
In an exclusive interview with The Bottom Line, Senate Majority Leader Damon Thayer said the Senate is working every day in recent weeks to craft…
Pension reforms expected to pass the Senate Friday morning, Majority Leader Thayer says
Legislation containing reforms to the state’s retirement systems is expected to pass through the state Senate Friday morning, according to a member of their leadership…
Transportation funding critical to Kentucky’s safety and economic development, Rep. Santoro says
With a focus on safety and improving Kentucky’s roads and bridges to help advance economic development in the state, Rep. Sal Santoro says the legislature…
Pro-growth tax reform would generate revenue and make Kentucky more attractive, letter to lawmakers explains
As the prospect of tax reform is once again emerging with legislators facing difficult budget realities, the Kentucky Chamber sent a letter Wednesday to members…
Bills containing state budgets for the next two years move forward in legislative process
The revenue bill which contains some new money to fund the House version of Kentucky’s next two-year state budget passed Thursday with a 68-25 vote,…
House version of state budget includes revenue sources focused on health issues to help meet pension obligations
Taxes on cigarettes and opioids are included in the House version of the next two-year state budget released Wednesday as the state struggles to find…