Kentucky State government employees have offered tips that could save the Commonwealth as much as $5.4 million dollars a year. Personnel Secretary Tim Longmeyer honored 64 workers yesterday or suggestions to improve productivity and government services.
A new report says teacher pensions across the country have an unfunded liability of nearly $325 billion. The National Council on Teacher Quality issued its findings today. Council Vice President Sandi Jacobs says one problem is retirement eligibility. In Kentucky, teachers can retire with full lifetime benefits after 27 years of service, regardless of age.
State spending on courthouse buildings is going up even as Kentucky's judicial system struggles to pay for day-to-day operations. Courthouses across the Commonwealth shut down September 4th for the second of three furlough days this year because of state budget cuts.
Hopkinsville-based Planters Banks is taking over five former Old National Bank branches in western Kentucky. Planters plans to acquire locations in Princeton, Providence, Dawson Springs, Sebree and Sturgis. The move will add $92 million in deposits to Planter’s liabilities.
Today on NPR: The U.S. government has been tightening the screws on Americans who hide money in offshore accounts, putting pressure on overseas banks, and joining forces with European and Japanese regulators.