Economy

Economy
11:56 am
Wed November 7, 2012

Coal Stocks Dropping in Aftermath of Election

coal

The Associated Press is reporting that coal stocks are dropping sharply today, on the expectation of tougher going for coal companies in a second term for President Obama. The AP reports that a series of environmental regulations proposed by the Obama administration could reduce the nation's use of coal.

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Economy
9:09 am
Wed November 7, 2012

Budget Hearings Continue for Tennessee State Agencies

Tennessee Governor Bill Haslam is meeting with state agencies to help prepare for possible budget cuts. After a series of meetings conducted on election day, Haslam will hear presentations today for transportation, children's services and other departments.

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Economy
6:14 am
Fri October 26, 2012

Kentucky High Court Takes Up Charitable Gaming Suit

The Kentucky Supreme Court has opted to take up a challenge to Gov. Steve Beshear's decision to use excess funds from the state's charitable gaming department to balance the state budget. A group of nonprofits sued Beshear in 2008, saying the transfer of $700,000 in surplus funds from the charitable gaming regulatory account didn't pass constitutional muster.

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Economy
4:40 am
Thu October 25, 2012

Panel Dismisses Idea of New Tax on Kentucky Food

A panel appointed by the governor to study tax reform in Kentucky has rejected a proposal to tax food at grocery stores. The idea was unpopular with the 17-member Blue Ribbon Commission of Tax Reform, which dismissed it as a burden on the poor. Consultants said a 6 percent tax could generate about $500 million each year.

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Economy
8:40 am
Mon October 22, 2012

Kentucky Medal of Honor Recipient to Attend Job Fair

Kentucky native Dakota Meyer received the Medal of Honor in a ceremony at the White House.

Medal of Honor recipient Dakota Meyer of Kentucky is appearing at a job fair for veterans in Louisville this week. WAVE-TV reports the event will be from 9 a.m. to noon EDT Tuesday at the West Hall of the Kentucky Exposition Center. The U.S. Chamber of Commerce Hiring Our Heroes event is for veterans and military spouses.

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Economy
11:28 am
Thu October 18, 2012

New Report Details Massive Infrastructure Needs in Tennessee

A report released by a state commission says Tennessee needs $38 billion between now and 2015 to improve public infrastructure. Released by the Tennessee Advisory Commission on Intergovernmental Relations, the report shows what type of improvements are needed, from repairing roads and bridges to adding additional water lines and sewers.

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Economy
9:34 am
Thu October 11, 2012

Kentucky's Foundering Pension System Puts Current, Future Retirees at Risk

For months, Kentucky lawmakers have been studying how to handle Kentucky's underfunded pension system. But the problems of the system have been occurring for longer than just a few months. Various proposals are on the table, but lawmakers may not have much time to come to a compromise.

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Economy
1:25 pm
Wed October 10, 2012

General Fund Receipts for September Increase, but Still Fall Below Pace to Meet Official Estimate

Seal of the Commonwealth

Kentucky's General Fund Receipts increased by 5.3 percent last month, compared to September of last year. However, revenues  for the first quarter still fell below the pace needed to meet the official estimate. Meanwhile, road funds declined 3.9 percent.

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Economy
8:40 am
Mon October 8, 2012

Foreclosure Help Notices Being Mailed in Tennessee

Notices are going out in the mail to an estimated 37,000 Tennessee borrowers who may be eligible for payment under a $25 billion national mortgage foreclosure settlement. Eligible borrowers will be receiving claim forms in the mail this month and Attorney General Bob Cooper of Tennessee urged residents to complete the forms and return them by the January 18, 2013 deadline.

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Economy
9:12 am
Wed October 3, 2012

Kentucky Tax Commission Gets Final Reports as Deadline Draws Near

Kentucky’s Blue Ribbon Tax Commission has spent months learning how the state’s tax system works, and is now beginning to hammer out proposals to reform the state’s tax code. The commission met again this week  in Frankfort to hear some final reports from the Beshear administration on how Kentucky’s current revenue systems work.

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