kentucky budget http://wkms.org en Kentucky Revenue Shortfall Nears $91 Million http://wkms.org/post/kentucky-revenue-shortfall-nears-91-million <p>Kentucky’s general fund is short $91 million, and one of the driving factors is a decline in a form of income primarily used by the nation’s wealthiest individuals.</p><p><span style="line-height: 1.5;">In 2012, U.S. Congress was preparing to take the country over the “fiscal cliff” over rising debt, rising healthcare costs and spending on the wars in Iraq and Afghanistan. To reduce the deficit, President Obama proposed raising the federal capital gains tax, which&nbsp;largely impacted the nation's wealthiest, prompting a massive sell-off by 2013.</span></p><p> Fri, 11 Jul 2014 11:02:31 +0000 Jonathan Meador 41997 at http://wkms.org Kentucky Revenue Shortfall Nears $91 Million Kentucky Gov. Steve Beshear Budget Preserves K-12 Education, 5% Cuts For Most Agencies http://wkms.org/post/kentucky-gov-steve-beshear-budget-preserves-k-12-education-5-cuts-most-agencies <p></p><p>Making good on his <a href="http://wfpl.org/post/kentucky-gov-steve-beshears-budget-will-seek-reinvest-education" style="margin:0px;padding:0px;border:0px;vertical-align:baseline;color:rgb(12,76,162);text-decoration:none" target="_blank">pledge to reinvest in K-12 education, </a>Kentucky&nbsp;Gov. Steve Beshear's biennial budget would restore public education funding to 2008 levels, with a pledge of $189 million in a budget greater than&nbsp;$20 billion.</p><p style="margin:0px 0px 15px;padding:0px;border:0px;font-size:15px;vertical-align:baseline;color:rgb(51,51,51);font-family:Georgia,Times,serif;line-height:22px">But Beshear&nbsp;said his budget was was made possible in large part by a 5% cut across many state agencies. Wed, 22 Jan 2014 12:50:41 +0000 Jonathan Meador 38199 at http://wkms.org Kentucky Gov. Steve Beshear Budget Preserves K-12 Education, 5% Cuts For Most Agencies Ky. Council on Postsecondary Education Angling for More State Funding http://wkms.org/post/ky-council-postsecondary-education-angling-more-state-funding <p>Kentucky’s Council on Postsecondary Education is making a run at more funding for state colleges and universities.</p><p>The CPE will ask the legislature for 4.9&nbsp; and 5.3 percent increases respectively for the upcoming two-year budget cycle. The request comes as higher education state funding has dropped by nearly a third since 2008.</p><p> Fri, 15 Nov 2013 22:33:00 +0000 Chad Lampe & John Null 36627 at http://wkms.org Ky. Council on Postsecondary Education Angling for More State Funding Kentucky Senators Expect 2014 Budget To Be A Difficult One http://wkms.org/post/kentucky-senators-expect-2014-budget-be-difficult-one <p>In just over four months lawmakers will be back in Frankfort for a full 60 day session.&nbsp;&nbsp;This winter, legislators must approve a new two year budget.&nbsp;&nbsp;While the state finished last year with a budget surplus, Senate Appropriations and Revenue Committee Chair Bob Leeper doesn’t anticipate any big increase in state revenue.&nbsp;&nbsp;So, Leeper says building a budget will remain difficult.</p><p>“There’s so many factors that are affecting us, what’s happening in the eastern Kentucky coal fields, loss of jobs there, loss of income for people to go out and buy goods.&nbsp;&nbsp;There’s any number of issues going on worldwide, nationwide that we can’t control,” said Leeper.</p><p>House Budget Committee Chair Rick Rand sounds a similar tone.&nbsp;&nbsp;He said the growth predicted by state experts is not as “robust” as they had hoped.</p><p> Mon, 26 Aug 2013 18:08:04 +0000 Stu Johnson (KPR) 34325 at http://wkms.org Kentucky Senators Expect 2014 Budget To Be A Difficult One General Fund Revenue Up 3rd Straight Year in Ky. http://wkms.org/post/general-fund-revenue-3rd-straight-year-ky <p>Kentucky has ended the third consecutive fiscal year with General Fund revenue growth — continued good news for a state that had seen tax collections plummet during the economic recession.</p><p>Budget Director Jane Driskell said collections were up 2.8 percent to more than $9.3 billion for the 12-month period that ended June 30.</p><p> Wed, 10 Jul 2013 21:50:40 +0000 John Null & The Associated Press 32954 at http://wkms.org General Fund Revenue Up 3rd Straight Year in Ky. KY General Fund Revenue Declines in February http://wkms.org/post/ky-general-fund-revenue-declines-february <p>Kentucky’s General Fund revenue saw a sharp decline last month. Budget Director Jane Driskell says collections fell 5.2%, costing the state nearly $30 million. Coal severance tax revenue had the largest loss, with 24. 5%. Both individual income tax and cigarette tax revenue dropped about 14%. Driskell says 41% increases in corporate income tax and property tax collections failed to offset the losses.</p> Mon, 11 Mar 2013 19:33:27 +0000 Shelly Baskin & The Associated Press 29154 at http://wkms.org the morning cram [I see we meet again edition] http://wkms.org/post/morning-cram-i-see-we-meet-again-edition <p>There&#39;s a party in Washington, and everyone (outside of your deity, or deities of choice) is invited.</p><p>NPR reports the &quot;Reason Rally&quot; is being billed by some as a <a href="http://www.npr.org/2012/03/23/149021993/woodstock-for-atheists-a-moment-for-nonbelievers">Woodstock for atheists</a>, where as many as 30,000 are expected to gather and take heart in their stance.&nbsp;</p><p>No more <a href="http://wkms.drupal.publicbroadcasting.net/post/no-more-pink-slime-kroger">&quot;pink slime&quot;</a> at Kroger stores.&nbsp;</p> Fri, 23 Mar 2012 14:17:39 +0000 Gary Pitts 17350 at http://wkms.org the morning cram [I see we meet again edition] Strong Sales Push up General Fund Revenue in KY http://wkms.org/post/strong-sales-push-general-fund-revenue-ky <p>General Fund receipts in Kentucky have grown faster than expected over the past month, thanks largely to an increase in sales tax revenue.&nbsp; Budget Director Mary Lassiter says total February receipts were up by over 21 million dollars, or almost four percent. She credits a portion of that increase to gift cards exchanged during the Christmas season that are only now being used.&nbsp; Lassiter says February is not typically Kentucky&#39;s best month for revenue collection, so the rise was welcome news.</p> Tue, 13 Mar 2012 15:39:47 +0000 Shelly Baskin & Associated Press 17235 at http://wkms.org Strong Sales Push up General Fund Revenue in KY