Economy

Economy
3:15 pm
Thu July 26, 2012

Kentucky Budget Surplus Less Than Originally Expected, but Good News Remains

Despite accounting mistakes and unforeseen disaster relief expenses, state government is closing the 2012 budget with another surplus. Originally, the budgetary surplus was $83 million. Now it's almost halved to $45 million.

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Economy
1:17 pm
Wed July 25, 2012

Beshear to Skip Fancy Farm in Favor of Overseas Economic Trip

An overseas economic trip will prevent Governor Steve Beshear from participating in this year’s Fancy Farm political speaking. The governor’s office announced that Beshear will be in Germany and France for the next few weeks to encourage companies there to bring business to Kentucky.

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Economy
9:44 am
Wed July 25, 2012

Kentucky Improves in Some Categories, Still Falls Short in Latest Kids Count Survey

A new report shows one in four Kentucky children lives in poverty, with their numbers growing since 2005. The latest Kids Count report by the Annie E. Casey Foundation ranks Kentucky, Tennessee, and Indiana in the bottom half of states for overall child well-being.

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Economy
10:17 am
Tue July 24, 2012

More Job Cuts at Lexington Herald Leader

Kentucky’s Second-largest newspaper is cutting back on staff again.  The publishers of the Lexington Herald Leader are citing the troubled economy in announcing the latest changes.

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Economy
1:40 pm
Thu July 19, 2012

Kentucky Economic Group Pushes Back Against Pension Reform

A relatively new economic think tank in Kentucky has released a report that pushes back on calls to cut the state's pension benefits. The report from the Kentucky Center for Economic Policy says the idea that public pensioners are well-compensated compared to their private sector counterparts is inaccurate.

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Economy /Unemployment
10:39 am
Thu July 19, 2012

Unemployment Rate Unchanged in Kentucky

Construction workers on the job in Bowling Green

Kentucky’s jobless rate was unchanged in June, and still stands at eight-point-two percent. The state figures released by the Kentucky Education and Workforce Development Cabinet are consistent with the national unemployment rate.

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Economy
10:17 am
Thu July 12, 2012

Volunteer State Revenue Numbers Much Better than Expected

Tennessee general fund revenues have beaten projections by more than a half-billion dollars with one month left in the budget year. State Finance Commissioner Mark Emkes says collections came in at $130 million above estimates in June, which reflects economic activity from the previous month.

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Economy
2:36 pm
Tue July 10, 2012

Budget Surplus Possible for Kentucky, Despite Economic Woes

A slowly recovering Kentucky economy has pushed tax revenues beyond what had been projected by a panel of economic experts over the past year. Budget Director Mary Lassiter said Tuesday the state's General Fund tax revenue for the fiscal year that ended June 30 was $83 million more than expected.

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Economy
8:04 am
Tue July 3, 2012

All Solutions on the Table Concerning Kentucky's Foundering Pension Plan

A group of Kentucky lawmakers has a new summer assignment: shoring up the state’s failing pension systems. At least two of Kentucky’s six pension plans are at a high risk for failure. And their troubles have been highlighted by Bloomberg, the New York Times and the Pew Center.

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Economy
3:49 pm
Fri June 15, 2012

Kentucky Launches Program to Encourage Hiring Veterans

Governor Steve Beshear is announcing a statewide plan to connect returning members of the Reserve, the National Guard, and other veterans with job openings in Kentucky. The program is called "Hiring Kentucky Heroes."

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