Kentucky economy http://wkyufm.org en Economists See Kentucky Heading for $10 Billion Milestone http://wkyufm.org/post/economists-see-kentucky-heading-10-billion-milestone <p>A panel of state economists is predicting that modest growth over the next two years will push Kentucky&#39;s annual General Fund revenue above $10 billion for the first time in 2016.<br /><br />The economists, serving on the Consensus Forecasting Group that advises government officials on revenue trends, agreed Friday that the state is continuing a slow rebound from economic recession.<br /> Sat, 12 Oct 2013 12:00:00 +0000 Associated Press 38355 at http://wkyufm.org Economists See Kentucky Heading for $10 Billion Milestone Kentucky's Business-Friendly Climate Ranking Drops Slightly http://wkyufm.org/post/kentuckys-business-friendly-climate-ranking-drops-slightly <p>Kentucky continues to rank in the middle-of-the-pack when it comes to having a business-friendly tax climate.&nbsp; The 2014 study, released Wednesday by the non-partisan Tax Foundation in Washington takes into account the corporate tax rate, individual income tax, sales tax, unemployment insurance tax and property tax rate.&nbsp;<br /><br />Kentucky&rsquo;s ranking dropped from 24<sup>th</sup> in the nation last year to 27<sup>th</sup> this year.&nbsp; The study finds Kentucky&rsquo;s tax code didn&rsquo;t change that much, but the ranking reflects changes in states with similar numbers.&nbsp;<br /><br />Meantime, Indiana ranked 10<sup>th</sup> in the nation for best business tax climate &ndash; earning high marks for low property taxes.&nbsp; Tennessee ranked 15<sup>th</sup> thanks in part of a low individual income tax.<br /><br /><a href="http://taxfoundation.org/article/2014-state-business-tax-climate-index" target="_blank">Click here</a> to read the full report.<br /> Wed, 09 Oct 2013 23:12:22 +0000 Emil Moffatt 38249 at http://wkyufm.org Kentucky's Business-Friendly Climate Ranking Drops Slightly Kentucky Jobless Rate Improves Slightly in August http://wkyufm.org/post/kentucky-jobless-rate-improves-slightly-august <p>The state unemployment rate declined slightly in August despite significant job losses in some key labor market sectors.<br><br>The Kentucky Office of Employment and Training reported Thursday that the rate fell to 8.4 percent, down from 8.5 percent in July.<br><br>State economist Manoj Shanker said the trade, transportation and utilities sector shed 2,100 jobs in August. The financial services sector lost 700 jobs. The government sector fell by 500 positions. The information sector, which includes newspapers, lost another 500 workers. And the mining and logging sector declined by another 100.<br> Thu, 19 Sep 2013 17:24:38 +0000 Associated Press 37284 at http://wkyufm.org Flat Growth in Kentucky Budget Causing Some Concerns http://wkyufm.org/post/flat-growth-kentucky-budget-causing-some-concerns <p>Kentucky budget officials say they are paying close attention to revenue as the state budget sees a flat growth at the start of the fiscal year. Budget director Mary Lassiter says in her monthly briefing that August revenues ticked up, helping make up 2 percent of losses in July. But that leaves revenues flat, while forecasters had expected an almost 3 percent growth this year. Mon, 10 Sep 2012 19:23:32 +0000 18915 at http://wkyufm.org