“The Cost of Crime,” a new study by a Centre College professor, quantifies the burden of crime by estimating the annual cost of crime in the United States. Many studies measure crime by looking at raw numbers of thefts, murders and other criminal activities. David A. Anderson, Centre College’s Paul G. Blazer Professor of Economics, warns that these numbers can be misleading, especially when the number of crimes goes in one direction while the severity of crimes goes in the other.
Governor Steve Beshear is trying to raise awareness of Kentucky's offer of amnesty to delinquent taxpayers in hopes of filling state coffers with overdue cash. Beshear kicked off the first day of the amnesty offer Monday with a Capitol press conference, saying delinquent taxpayers can pay up without fear of penalties or prosecution.
Gov. Steve Beshear says he hasn't reached a conclusion on whether Kentucky should borrow enough money through the sale of government bonds to shore up the pension systems for state and local employees. The state employee retirement plan faces a $19 billion shortfall. Add to that the financial woes in plans covering local government employees, state police, teachers, lawmakers, judges and other court workers, and the shortfall reaches $30 billion.
An annual report that describes the state’s financial outlook shows that Kentucky has once again gone deeper into debt. The report, when compared with past years, shows the state added more than $110 million in debt during the last fiscal year.
The latest figures from the state reveal that Kentucky's seasonally-adjusted preliminary unemployment rate has increased again. Kentucky’s manufacturing sector lost 500 jobs in August, compared to the previous month,and the professional and business services sector lost 600 jobs last month. Employment in the educational and health services sector dropped by 800 jobs in August.
Kentuckians are being urged to watch their mailboxes for postcards alerting them to a financial settlement. Notices were mailed Monday to more than 5,000 Kentuckians who were foreclosed upon between Jan. 1, 2008, and Dec. 31, 2011, and are now eligible for a share of $10.7 million.
Economic consultants looking for ways to improve Kentucky's tax system have offered a variety of options that include imposing a tax on food and a variety of services ranging from haircuts to automotive repairs to funerals.
For the first month of the budget year, tax collections in Tennessee have fallen short of projections. Finance Commissioner Mark Emkes issued a release, stating that the weak revenues reflect a slow economic recovery on the national level.