Economy

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.

When it comes to keeping a vehicle on the road, Kentucky ranks in the top 10 of a new survey. Unfortunately, it’s not a survey you want to rank high in.

WKU Public Radio

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.

Nearly one in ten Kentuckians doesn’t have a bank account. That’s one of the findings in a new report issued by the Federal Deposit Insurance Corporation.

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.

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.

Tennessee’s top economic development officer is taking a temporary leave from his job to help Mitt Romney’s presidential campaign. Bill Hagerty will join the GOP election effort through November 6.

WKU Public Radio

Courthouses across the state of Kentucky will be closed on September 4th,  as the Kentucky Judicial Branch shuts down for the second of three furlough days in 2012.

Pages