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KENTUCKY

Kentucky

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    • Headlines : Illinois, California, Kentucky, Massachusetts , Michigan, New Jersey, New York, Missouri, Maryland, Pennsylvania, Oklahoma, South Carolina, West Virginia

      Williams Report - June 16, 2016

      State Budget Solutions | by Bob Williams | June 16, 2016

      A rare win for NJ taxpayers; MD pays more than $320M in pension fund management fees -- for a 0.12% return; More headlines...

    • Headlines : Alaska, California, Connecticut, Delaware, Illinois, Massachusetts , Oklahoma, Pennsylvania, South Carolina, West Virginia, Kentucky, New Jersey, Wyoming

      Williams Report - June 1, 2016

      State Budget Solutions | by Bob Williams | June 1, 2016

      Another Chicago Downgrade; Illinois Budget Storm Continues; More...

    • Headlines : Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Hawaii, Kansas, Massachusetts , Michigan, Missouri, Oklahoma, Pennsylvania, South Carolina, West Virginia, Illinois, Kentucky, New Jersey, New York

      Williams Report - May 11, 2016

      State Budget Solutions | May 11, 2016

      Financial reality is not negotiable. 

    • Headlines : Alaska, Arizona, California, Connecticut, Georgia, Kansas, Kentucky, Massachusetts , Mississippi, Washington, New Jersey, Pennsylvania

      Williams Report - May 4, 2016

      State Budget Solutions | by Bob Williams | May 4, 2016

      Hidden debt, hidden deficits: How pension promises are consuming state and local budgets

    • Headlines : Arizona, Connecticut, Illinois, Kansas, Massachusetts , Mississippi, North Carolina , Texas, West Virginia, California, Florida, Kentucky, New Jersey, Rhode Island, South Carolina

      Williams Report - April 27, 2016

      State Budget Solutions | by Bob Williams | April 27, 2016

      Pension funds review tobacco divestment; Puerto Rico kicks a useless can; More...

    • Budget timeframe: Biennial

      Fiscal Year begins: July 1

      The current state budget can be found here.

      Find the legislative session calendar here.

      Find the current legislative leaders here.

       

      KY Gov. Beshear

      Gov. Steven Beshear
      Office of Governor Steven L. Beshear
      The Capitol Building
      700 Capitol Avenue, Suite 100
      Frankfort, KY 40601
      Phone: (502) 564-2611
      Fax: (502) 564-0437

      http://governor.ky.gov/

       

       

      Mary E. Lassiter, State Budget Director
      Governor's Office for Policy & Management
      Capitol Annex, Room 284
      Frankfort, KY 40601
      Phone (502) 564-7300
      Fax: (502) 564-6684
      www.osbd.ky.gov

       

      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2012 Comprehensive Annual Financial Report (CAFR) compiled by the state government, and click here for information on the state's pension liabilities



      Kentucky is required to pass a "balanced budget." Section 171 of State law mandates that for each fiscal year the legislature provide revenue to meet the estimated expenses. Kentucky law forbids the carrying over of a deficit from one year to the next.

       

      Kentucky consists of the following governmental funds: the General Fund, the Transportation Fund, the Federal Fund, the Agency Revenue Fund, the Capital Projects Fund, and the non-major funds (comprised of 5 lesser funds). Budgets are prepared principally on a cash basis and all of the major governmental funds are budgeted except for the Capital Projects Fund. Non-major funds are not budgeted. Six of the ten governmental funds are not budgeted, which is evident from the Kentucky data sheet where actual figures are far from being in sync with budgeted figures. Information necessary for analysis is not all present within Budgetary Comparison Schedules: beginning and ending balances are missing.  [from the Institute for Truth in Accounting]

       

      Find the state's bond ratings here.

       

       

      Bluegrass logo

    • Medicaid :

    • RESEARCH

      E-Cigarettes Poised to Save Medicaid Billions

      State Budget Solutions | March 31, 2015

      Electronic cigarettes (e-cigs) have only been around since 2006, yet their potential to dramatically reduce the damaging health impacts of traditional cigarettes has garnered significant attention and credibility. 

    • HEADLINES: California, Kansas, Kentucky, Michigan, New Hampshire , North Carolina , Maryland, Minnesota, Maine , Nevada, Virginia, Washington

      Williams Report - October 6, 2014

      State Budget Solutions | by Bob Williams | October 6, 2014

      Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob.

    • View All Kentucky articles
    • Solutions: Kentucky

      Future Shock Solutions

      The Bluegrass Institute | by Lowell Reese | April 8, 2013

      The goal is to enact systemic change and create a climate for long-term solvency for Kentucky's public pensions. This requires changing the very structure of the system while providing the minimum amount of one-time immediate funding to stave off bankruptcy in the state employees’ fund. Steps also must be taken to set in place policies that will enable the commonwealth to avoid such pension crises in the future.

    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • California, Connecticut, Delaware, Florida, Kansas, Kentucky, Massachusetts , New Mexico , New York, North Dakota, Oklahoma, Pennsylvania, Tennessee, Arizona, Illinois

      Williams Report - February 3, 2016

      State Budget Solutions | by Bob Williams | February 3, 2016

      State Budget and Pension News from Statehouses Around the Country

    • Alaska, Connecticut, Illinois, Kentucky, Mississippi, New Mexico , Oklahoma, Pennsylvania, Washington, Wyoming, California, Florida, Michigan, New Jersey, New York

      Williams Report - January 27, 2016

      State Budget Solutions | January 27, 2016

      High-Tax States; Scary Pension Math; More Fiscal Headlines from Statehouses Nationwide

    • California, Illinois, New Jersey, Oklahoma, Pennsylvania, Kentucky, Virginia, Oregon

      Williams Report - January 6, 2016

      State Budget Solutions | by Bob Williams | January 6, 2016

      Join the discussion on Twitter by following @StateBudgets!

    • Alabama, Arizona, Arkansas, Connecticut, Illinois, Kansas, Louisiana, Missouri, North Carolina , Ohio, Pennsylvania, Rhode Island, Virginia, California, Kentucky, New Jersey, Texas, Utah

      Williams Report - September 8, 2015

      State Budget Solutions | by Bob Williams | September 8, 2015

      Join us on Twitter today, by following @StateBudgets and using the hashtag #SBSbob!

    • Alabama, Alaska, Illinois, Kentucky, Kansas, New Hampshire , North Carolina , Pennsylvania, Tennessee, Washington, Arizona, California, Missouri, New York, New Jersey

      Williams Report - August 18, 2015

      State Budget Solutions | by Bob Williams | August 18, 2015

      Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSbob.

    • Headlines : Illinois, California, Kentucky, Massachusetts , Michigan, New Jersey, New York, Missouri, Maryland, Pennsylvania, Oklahoma, South Carolina, West Virginia

      Williams Report - June 16, 2016

      State Budget Solutions | by Bob Williams | June 16, 2016

      A rare win for NJ taxpayers; MD pays more than $320M in pension fund management fees -- for a 0.12% return; More headlines...

    • Headlines : Alaska, California, Connecticut, Delaware, Illinois, Massachusetts , Oklahoma, Pennsylvania, South Carolina, West Virginia, Kentucky, New Jersey, Wyoming

      Williams Report - June 1, 2016

      State Budget Solutions | by Bob Williams | June 1, 2016

      Another Chicago Downgrade; Illinois Budget Storm Continues; More...

    • Headlines : Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Hawaii, Kansas, Massachusetts , Michigan, Missouri, Oklahoma, Pennsylvania, South Carolina, West Virginia, Illinois, Kentucky, New Jersey, New York

      Williams Report - May 11, 2016

      State Budget Solutions | May 11, 2016

      Financial reality is not negotiable. 

    • Headlines : Alaska, Arizona, California, Connecticut, Georgia, Kansas, Kentucky, Massachusetts , Mississippi, Washington, New Jersey, Pennsylvania

      Williams Report - May 4, 2016

      State Budget Solutions | by Bob Williams | May 4, 2016

      Hidden debt, hidden deficits: How pension promises are consuming state and local budgets

    • Headlines : Arizona, Connecticut, Illinois, Kansas, Massachusetts , Mississippi, North Carolina , Texas, West Virginia, California, Florida, Kentucky, New Jersey, Rhode Island, South Carolina

      Williams Report - April 27, 2016

      State Budget Solutions | by Bob Williams | April 27, 2016

      Pension funds review tobacco divestment; Puerto Rico kicks a useless can; More...

    • Headlines : Connecticut, Illinois, Kentucky, Louisiana, Massachusetts , Mississippi, New Jersey, Texas, Alabama, California, Pennsylvania

      Williams Report - April 20, 2016

      State Budget Solutions | by Bob Williams | April 20, 2016

      Rich States, Poor States: Will your state's economy do well in 2016? 

    • Headlines : Arkansas, Colorado, Connecticut, Florida, Illinois, Kentucky, Missouri, New Jersey, New York, Pennsylvania, West Virginia, Kansas

      Williams Report - April 13, 2016

      State Budget Solutions | by Bob Williams | April 13, 2016

      2016 'Rich States, Poor States' Rankings Unveiled; Obama's Medicaid Traps for States; More... 

    • Headlines : Colorado, Connecticut, Illinois, Kentucky, Louisiana, Michigan, Nebraska, New Jersey, New York, Pennsylvania, Alaska

      Williams Report - April 6, 2016

      State Budget Solutions | by Bob Williams | April 6, 2016

      Colorado's State Budget Battle; Chicago's Pension-Driven Education Crisis; More...

    • Headlines : Alaska, Colorado, Kansas, Kentucky, Louisiana, Maryland, Massachusetts , Michigan, Nebraska, New York, Pennsylvania, Tennessee, Vermont, Washington, California, Illinois, New Jersey

      Williams Report - March 30, 2016

      State Budget Solutions | by Bob Williams | March 30, 2016

      Illinois, New Jersey Downgraded Again

    • Headlines : Alaska, Arkansas, Colorado, Connecticut, Florida, Illinois, Iowa, Kentucky, Louisiana, Maryland, Missouri, New York, Pennsylvania, Alabama, Arizona, California, Nebraska, New Jersey, Texas

      Williams Report - March 23, 2016

      State Budget Solutions | by Bob Williams | March 23, 2016

      Breaking: PA Governor Wolf relents after 9-month budget impasse