Ky. Chamber of Commerce calls for performance audit of state pension system; no decision from Auditor Adam Edelen
12/11/2014 12:30 PM Kevin Wheatley
Kentucky Chamber of Commerce President and CEO Dave Adkisson called for a sweeping performance review of the Kentucky Retirement Systems on Thursday, citing concerns with underperformance at the pension plan. Adkisson, in a conference call with reporters, said he has spoken with Auditor Adam Edelen about conducting a performance audit of KRS as well as officials at the pension system that has amassed $17.8 billion in unfunded liabilities. He said he assumes an audit from Edelen’s office would draw outside expertise... Read more 
State Sen. Walter Blevins will likely resign at end of year, setting up mid-session special election
12/11/2014 09:56 AM Kevin Wheatley
After winning the Rowan County judge-executive’s race by a 6 percent margin last month, state Sen. Walter Blevins has felt some pressure from the right to immediately resign his Senate seat so a special election could be held before the 30-day legislative session convenes in January. Republicans have been ready for the possibility of Blevins’ election and hope to make the 27th Senate District their 27th pickup in the chamber after expanding their majority to 26-12 in the fall elections. Blevins, D-Morehead,... Read more
Protests over Eric Garner and Michael Brown deaths sign for policymakers, political science professor says
12/10/2014 04:09 PM Nick Storm
With the deaths of several African-American men at the hands of police this year, the issue of race and justice in America has become a topic of conversation for the media and politicians seeking higher office. University of Louisville political science professor Dewey Clayton said public opinion polls show the issue is resonating with the public and politicians are starting to react. The issues of race-based policing and grand jury non-indictments have been happening for a long time, Clayton said.... Read more
General Fund receipts up 12.8 percent in November compared to last year; Road Fund down slightly
12/10/2014 03:00 PM Kevin Wheatley
Buoyed by strong income and sales tax collections, the state’s General Fund drew $905.7 million in revenue in November, up $102.8 million and 12.8 percent compared to November 2013, State Budget Director Jane Driskell announced Wednesday. Tax receipts have grown 4.2 percent in the first five months of the current fiscal year, and collections will need to rise 3.2 percent in the remaining seven months to hit the $9.8 billion revenue projection for fiscal year 2015, according to a news release. “Sales... Read more
Kentucky's General Fund revenue up nearly 13 percent in November
from jbrammer@herald-leader.com (Jack Brammer)
from jbrammer@herald-leader.com (Jack Brammer)
Kentucky's General Fund, which pays for most state programs, took in 12.8 percent more money in November than it did in November 2013, state budget director Jane Driskell said Wednesday.Click to Continue » [...]
Wed, Dec 10, 2014 9:49:00 PM, Continue reading at the source
State declines to offer tourism tax credits to Ark Encounter theme park
from lblackford@herald-leader.com (Linda B. Blackford)
from lblackford@herald-leader.com (Linda B. Blackford)
A planned amusement park featuring a life-sized Noah's Ark in Northern Kentucky will not get more than $18 million in state tourism tax credits because of its religious requirements in…Click to Continue » [...]
Wed, Dec 10, 2014 8:44:00 PM, Continue reading at the source
By Jack Brammer jbrammer@herald-leader.com FRANKFORT – The General Fund, which pays for most state programs, took in 12.8 percent more money in November than it did in November 2013, state budget director Jane Driskell said Wednesday. Driskell, in a news release, said sales and individual income taxes accounted for much of the gain. “We are […] [...]
Wed, Dec 10, 2014 8:24:00 PM, Continue reading at the source
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