State retirement systems give early glimpse at their budget requests, calling for multimillion increases
08/24/2015 08:15 PM
FRANKFORT – As lawmakers prepare to draft a two-year spending plan in the upcoming 60-day session, Kentucky’s public pensions will be seeking larger contributions from the general fund. Officials from the Kentucky Retirement Systems and Kentucky Teachers Retirement System presented preliminary budget figures to the Public Pension Oversight Board Monday, with both pensions seeking multimillion-dollar contribution increases from the state. But under pension reforms passed in 2013, only the Kentucky Retirement Systems, which faces $17.8 billion in unfunded liabilities, can wholly expect... Read more 
McConnell says stock market drops are a result of stalling worldwide economy
08/24/2015 04:12 PM
FLORENCE – U.S. Senate Majority Leader Mitch McConnell told Kentucky reporters on Monday that the drop of the stock market is a reflection of a worldwide economic slowdown. The stock market dropped Monday morning more than 1,000 points in the first minutes of trading, the worst drop since Oct. of 2008. However, the market clawed its way back throughout the day with the Dow dropping 588.47, which is a 3.58 percent tumble. McConnell, who was in Florence on Monday speaking to... Read more
The Chatter: Matt Jones courted to challenge Andy Barr; Hillary email scandal "political bomb" in Ky.
08/24/2015 02:59 PM
Controversial sports radio host Matt Jones is considering challenging U.S. Rep. Andy Barr for the 6th District Congressional seat in 2016. Jones, an unabashed supporter of President Barack Obama, first confirmed he has been approached by the Democratic Congressional Campaign Committee to the Lexington Herald-Leader’s Sam Youngman on Sunday. The host of affiliated sports program Kentucky Sports Radio, told his listeners on Monday that he was considering a run for office, but had not yet made up his mind. Jones... Read more
New academy provides career-ready education in engineering, technology and advanced manufacturing fields
08/24/2015 11:50 AM
CARROLLTON – As Kentucky high school students settle in for another year at their respective schools, 42 freshmen from Gallatin, Owen, Carroll, Trimble and Henry Counties are getting accustomed to a brand new school where there are no books or chalkboards. The iLead Academy, which opened in a renovated strip mall this month in Carrollton, is not your traditional high school. It’s Kentucky’s first regional academy for students who are interested in engineering, software technology, and advanced manufacturing fields. House Appropriations... Read more
Kentucky lawmakers are criticizing the federal Clean Power Plan, which will place the first-ever national carbon dioxide restrictions on existing power plants. Released earlier this month, the federal plan orders Kentucky to reduce power plant carbon emissions by 31 percent by 2030. The EPA’s final rules were much more stringent than the 18 percent reduction outlined in a previous draft version. The Environmental Protection Agency predicts Kentucky will meet the standards a decade early due to market pressures and current regulations on the coal industry. But Eastern Kentucky lawmakers on Monday said the new regulations would cripple the already ailing coal industry in the [...]
Tue, Aug 25, 2015 11:55:00 AM, Continue reading at the source
As members of the Republican Party of Kentucky debated on Saturday whether to approve a rule change creating a presidential caucus in March — at Sen. Rand Paul’s request — one of the biggest selling points was that the caucus would help build the party. “I am thoroughly convinced that were I not in this race, that this is just good for the Republican Party, that we will grow our lists and excite people and get more people to turn out,” Paul told reporters following the vote in Frankfort. In fact, most Republicans who rose in defense of holding a separate caucus in [...]
Tue, Aug 25, 2015 10:55:00 AM, Continue reading at the source
Somerset to drop lawsuit challenging state auditor's authority, mayor says
from bestep@herald-leader.com (Bill Estep)
from bestep@herald-leader.com (Bill Estep)
Mayor Eddie Girdler said Auditor Adam Edelen's office had given the city additional time to respond to the findings of the examination, resolving some concerns. The mayor also he'd decided…Click to Continue » [...]
Tue, Aug 25, 2015 1:49:00 AM, Continue reading at the source
Foiled in state court, a Jefferson County Public Schools teacher filed a federal court suit Monday claiming the Kentucky Teachers’ Retirement System illegally raised teachers’ share of pension contributions to shore up a retirement plan that is only half-funded. Randolph “Randy” Wieck, a history teacher at DuPont Manual High School, launched the legal battle last November by filing suit in Jefferson County Circuit Court. The case was dismissed with a recommendation that it be refiled in Franklin County, he said. Instead, Wieck filed the lawsuit in U.S. District Court in Louisville. As before, Wieck is asking that the roughly 141,000 teachers and [...]
Mon, Aug 24, 2015 10:48:00 PM, Continue reading at the source
Matt Jones: Decision on congressional race will come before basketball season
from syoungman@herald-leader.com (Sam Youngman)
from syoungman@herald-leader.com (Sam Youngman)
Kentucky Sports Radio host Matt Jones told his radio audience Monday morning that he is actively considering a run for the U.S. House of Representatives, and he will make a…Click to Continue » [...]
Mon, Aug 24, 2015 5:32:00 PM, Continue reading at the source
Legal fight over Kentucky's same-sex marriage ban could cost taxpayers $2.3 million
from jcheves@herald-leader.com (John Cheves)
from jcheves@herald-leader.com (John Cheves)
Two months after the U.S. Supreme Court struck down Kentucky's gay marriage ban, teams of attorneys who successfully represented the same-sex couples have submitted a bill for just over $2…Click to Continue » [...]
Mon, Aug 24, 2015 1:50:00 PM, Continue reading at the source
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