jason bailey

nps.gov

The U.S. House of Representatives is debating an end to the federal estate tax, but Kentucky probably wouldn’t benefit as much as other states.

There are only about 5,400 estates nationwide that will have to pay the estate tax. That’s because it only applies to individuals who bestow more than $5.4 million to their heirs. 

Kentucky Revenue Receipts Suggest Slow Growth

Aug 11, 2014
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New data released by the state’s budget office suggest that Kentucky’s General Fund isn’t growing fast enough, and could lead to another budget shortfall.

KCEP Head Says State Budget Inadequate

Apr 3, 2014
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The director of one of Kentucky’s leading non-profit economic policy think tanks says the recently-passed state budget fails to address the state’s revenue problem.

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Lt. Gov Jerry Abramson presented a draft of Governor Steve Beshear's proposed tax code changes to the House budget committee today, which was first announced by Beshear last week. The changes, if fully implemented, could raise an estimated $210 million annually by expanding the 6% sales tax to select services, an increased tax on cigarettes from 60 cents to $1 dollar per pack, and reducing tax breaks on pensions for people earning more than $80,000. On Sounds Good, Kate speaks with policy analyst and member of the Governor's Blue Ribbon Committee on tax reform, Jason Bailey about the events of the day.

After a call from President Barack Obama to “give America a raise” in last night’s State of the Union address, a new brief from a Kentucky economic think-tank says that a raise in the minimum wage would benefit about 1 in 4 workers and reduce child poverty.

A survey of Kentucky's economy says lawmakers have a choice between reinvesting in services or making more cuts to government.

The report released Thursday from the Kentucky Center for Economic Policy says $250 million in additional revenue won’t be enough to meet the state’s most pressing needs.

  A non-partisan economic policy group has released a report showing large gaps in per-student funding among school districts that approved tax increases this year.

Around half of Kentucky school boards approved the maximum 4 % property tax increase to help fund public schools. That's partly because the state hasn’t raised per-pupil funding for a number of years. 

The Kentucky Center for Economic Policy paper shows that some districts like Southgate Independent Schools in northern Kentucky will receive an additional $200 more per student through property taxes. While other districts like Bath County, in eastern Kentucky, will only receive $24 more per student.