A nonprofit publication of the Kentucky Center for Public Service Journalism

General Fund receipts increase 3.6 percent in August; total revenues for month were $787.2 million

State Budget Director John Chilton reported Tuesday that General Fund receipts increased 3.6 percent in August compared to last year. Total revenues for the month were $787.2 million, compared to $759.9 million during August 2018. For the first two months of this fiscal year (FY20), General Fund receipts have increased 2.7 percent. Chilton noted that the rate of growth of General Fund receipts has...

Kentucky’s General Fund receipts for July totaled $845.7 million, a 1.9 percent increase from a year ago

State Budget Director John Chilton announced Monday that Kentucky’s General Fund receipts for July, the first month of Fiscal Year 2020 (FY20), totaled $845.7 million, a 1.9 percent increase compared to July 2018 receipts. Increases in the sales and use tax and cigarette taxes out-paced declines in the income, natural resources and property taxes as the impacts of tax law changes continue to influence...

Anna Baumann: New report shows Kentucky’s tax system contributes to increased income inequality

In Kentucky, the income inequality that exists between our poorest and wealthiest residents is magnified by the structure of our tax system. And thanks to the new tax law enacted by the 2018 General Assembly, that problem is getting worse. Income inequality is soaring in an economy where the winners increasingly take all. The wealthiest 1 percent of Kentuckians make 94 times more a year on average...

Commentary: Immediate changes in store for Fayette agricultural property assessments

By David O’Neill Special to KyForward The Herald-Leader and reporters John Cheves and Linda Blackford have done an excellent job identifying an area of tax law long overdue for modernization. In doing so, they caused what otherwise may not have happened — the various levels of government, including property valuation administrators, the Department of Revenue and the legislature each making...