Budget

Education
12:17 pm
Mon November 10, 2014

Teacher Files Lawsuit Against KY Teachers' Retirement System

Credit iStockPhoto

A Jefferson County Public Schools teacher has filed a lawsuit against the Kentucky Teachers’ Retirement System over its lack of funding. Plaintiff and DuPont Manual High School teacher Randolph Wieck says the system that supports over 140,000 teachers in Kentucky is at least $20 billion dollars in debt.

“We have raced to the bottom and we’re neck and neck with the worst funded teachers plan in the country,” Wieck said.

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Government
6:35 am
Fri June 13, 2014

Beshear: Budget will be Balanced and Won't Affect Education

Recent state revenue receipts show that Kentucky’s real income is falling short of projections and will lead to a multi-million dollar budget shortfall.

Lower-than-predicted coal severance taxes, property taxes, road fund receipts and more have the state facing a nearly $28 million shortfall by the end of the fiscal year.

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Government
5:29 pm
Thu May 29, 2014

Paducah Reviews Next Year’s Budget, Finds Evidence of Growing Economy

Credit Lance Dennee / WKMS

More revenue is allowing Paducah city officials to increase their budgets and consider some city updates.

Commissioner Carol Gault says this week’s budget workshop shows that the economy is slowly rebounding with a nearly four percent rise in revenue.

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Government
9:54 am
Tue May 13, 2014

Jail Largest Expenditure in McCracken County Fiscal Court Budget

Credit wikipedia.com

The McCracken County Fiscal Court voted on the first reading of a 2014-2015 budget Monday that totals $32m, including over $6m  for the McCracken County Jail. The jail has a large number of employees and houses more than 450 inmates. 

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Politics
8:07 am
Tue April 1, 2014

House Gives Final Passage to $20.3 Billion State Budget

FRANKFORT—After a marathon negotiation session this weekend, the Kentucky General Assembly gave speedy passage to a slew of budget bills that gave raises to judicial employees and restored funding for K-12 education while also reducing safety inspections for mines and possibly prohibiting the commonwealth from funding local implementation of the Affordable Care Act.

House Speaker Greg Stumbo praised the Senate for its willingness to compromise with his chamber, and called the process — including the 14-hour closed-door session of budget talks this weekend — “democracy in its purest form.”

“You saw people of different convictions, different ways to view things," Stumbo said. "It was democracy in its purest form. But it worked. And that’s what made, to me, all these years here worth spending.”

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Government
7:09 am
Wed March 12, 2014

Kentucky House Committee Approves Budget Plan, 'Virtually the Same' as Gov. Steve Beshear's Proposal

Credit LRC Public Information

Kentucky lawmakers have a month remaining in the 2014 legislative session, and in that time they must pass a new state budget.

The House Appropriations and Revenue Committee has approved a series of bills, including a modified version of the governor's proposed $20.3 billion, two-year budget.

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Government
2:16 pm
Fri May 24, 2013

Murray City Council Passes Budget With 16% Increase in Revenue

Credit mymurray.com

The Murray City Council has approved a $44.6 million  budget despite failed attempts to amend the spending plan. Discussions lasted well into the night yesterday because of what Councilman Danny Hudspeth says was his obligation to bring forward the four amendments.

Hudspeth entertained cutting a two-point-five-percent salary increase for all city employees, the hiring of a new storm water and drainage technician, money for building a scenic trail and a $50,000 allocation to Murray State University for an alcohol education program.

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Government
11:54 am
Mon November 19, 2012

Beshear Names New State Budget Director

Credit www.wikipedia.com

Come January, a new woman will be in charge of the Kentucky budget for the Governor’s Office. Since 2007, Mary Lassiter has been Governor Steve Beshear’s budget director. And in 2009, she took a promotion as Secretary of the Cabinet as well, serving both roles. But Beshear has now hired Jane Driskell, a longtime budget director for state and local government, as his new state budget director.

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Government
7:37 am
Mon November 12, 2012

Tennessee Governor Wraps Up Budget Hearings

Credit Wikimedia Commons

Tennessee Governor Bill Haslam wraps up budget hearings for fiscal year 2013-2014 tomorrow. Despite improving state revenues, Haslman has asked state departments to develop plans for a fallback 5 percent spending cut.

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Morning Cram
8:45 am
Tue November 6, 2012

The Morning Cram [polite polities edition]

Credit Wikimedia Commons

From NPR: For most of us, Election Day marks a welcome end to months of relentless political ads and partisan bickering. But in an age when the rules about when it's OK to express one's political opinion seem to have frayed, what if someone decides the line at the polling station is the place to talk politics?

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