Philosophical divides on bonding will likely resurface next year as KTRS funding group finishes report
12/01/2015 09:13 PM
FRANKFORT — Next year’s General Assembly will have a number of options to consider in shoring up the underfunded Kentucky Teachers’ Retirement System, but underlying philosophical differences in how to fix financial issues at the pension agency will likely reemerge. The 25-member Kentucky Teachers’ Retirement System Funding Work Group met for the final time Tuesday, putting the finishing touches on their report to Gov. Steve Beshear, who leaves office next week. The task will be up to lawmakers and Gov.-elect Matt... Read more 
Gov.-elect Bevin taps John Chilton as state budget director
12/01/2015 10:42 AM
UPDATED WITH REACTION FROM GOV. BESHEAR — Gov.-elect Matt Bevin announced Tuesday that John Chilton will be his state budget director. Chilton is a Certified Public Accountant with Louisville firm Mountjoy Chilton Medley LLP, a regional accounting firm with nearly 300 employees in Louisville, Lexington, Cincinnati and Jeffersonville, according to a press release. “He is a man of exceptional character, extensive financial knowledge, and proven leadership experience,” Bevin said of Chilton. “The Commonwealth of Kentucky is blessed to have a... Read more
A decision on whether pork processor JBS Swift can continue to use a Butchertown parking lot for truck staging has been pushed back once again. Swift has been using the Cabel Street lot for about a decade; it’s where refrigerated trucks sit, storing pork from the nearby slaughterhouse. But Swift’s use of the lot wasn’t considered permanent until last year, when the company bought the lot from Louisville’s Metropolitan Sewer District. Now, the company is seeking a conditional use permit from Louisville’s Board of Zoning Adjustment to continue using the lot to run its refrigeration trucks. The Butchertown Neighborhood Association is opposing [...]
Wed, Dec 02, 2015 12:55:00 PM, Continue reading at the source
They’re as much a part of holiday tradition as Christmas trees and stockings hung by the chimney: the holiday shows that we go to see, year after year. This is not the time of year when local arts organizations are especially concerned with innovation or challenges. It’s not a time to be provocative, or to make audiences reflect on tough issues. Instead, it’s about slipping back into familiar music and storylines, as comfortable as favorite slippers and a mug of hot chocolate. And there’s nothing wrong with that. Actor’s Theatre of Louisville is among the first to kick off the season with its annual [...]
Wed, Dec 02, 2015 12:04:00 PM, Continue reading at the source
If state leaders are closer to solving the crisis in the Kentucky teachers’ pension system, they’re not showing it. The system has 54 percent of the money it needs to make future payouts, a situation that has been a keen point of focus for state leaders in recent years. On Tuesday, a bipartisan task force of legislators and advocacy group leaders was supposed to present a menu of ideas for addressing the teachers’ pension problem. But few concrete solutions came out of the meeting, with a familiar line being drawn over whether to borrow money to shore up the system. House Speaker Greg Stumbo, [...]
Wed, Dec 02, 2015 1:12:00 AM, Continue reading at the source
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