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.
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 largely impacted the nation's wealthiest, prompting a massive sell-off by 2013.
A new poll finds Kentuckians aren’t happy with the Affordable Care Act, but they do like benefits the legislation made possible.
According to the Foundation for a Healthy Kentucky study released today, this disconnect is consistent throughout the state, although people in the more urban areas—Lexington and Louisville—were at least nearly 10 percent more favorable of the ACA.
The US 45 Brookport Bridge will be closed for three weeks as the next phase of the Greenway Trail begins, meaning an estimated 5,000 vehicles will need to detour around the construction.
Paducah Parks and Recreation Director Mark Thompson says tunnel under the highway will connect the downtown and Noble Park portions of the trail. He says the project will create a safe route across the highway.
Crews will begin installing detour signs Monday in Paducah in preparation for the Tuesday closing of the Brookport Bridge to install an underpass connecting two sections of the Greenway Trail. Contractors will have 21 consecutive days to install the 52-foot long lighted underpass at U-S 45.
Analysts' expectations of continued growth in the jobs report for June were surpassed by federal data issued this morning, as the Labor Department says U.S. employers added 288,000 jobs last month. The government released the numbers one day early because of the July 4 holiday.
Update at 8:35 a.m. ET: 288,000 Jobs Added
"Total nonfarm payroll employment increased by 288,000 in June, and the unemployment rate declined to 6.1 percent," the Bureau of Labor Statistics says.
Congressional inaction threatening the solvency of the Federal Highway Trust Fund may cost Kentucky $185 million for projects, drastically changing how the state pays for road construction, Gov. Steve Beshear said Wednesday.