Economy

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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Economy
9:25 am
Thu June 14, 2012

Kentucky Gas Tax Set to Rise at Beginning of Next Month

Gas prices are getting ready to go up again in Kentucky. On July 1, the state's gas tax will increase 2.1 cents per gallon. That means motorists will be paying nearly 30 cents in Kentucky taxes for each gallon they purchase. The increase is automatic because the state's tax is tied to the average cost of wholesale gas, which has been rising.

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Economy
1:29 pm
Wed May 30, 2012

Commission Seeking to Overhaul Kentucky Tax Code Wants Your Input

Lieutenant Governor Jerry Abramson and Kentucky’s Blue Ribbon Tax Commission are seeking public comment to help develop recommendations on overhauling the state tax code. Abramson says around 100 people attended the first of six regional public hearings Tuesday night.  The commission wraps up public meetings in August and will have three months to finish the plan by a November deadline. Once complete, Abramson is hopeful the plan will pass the legislature.

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Economy
2:35 pm
Tue May 29, 2012

Beshear Creates New Program to Fund College Scholarships Through Coal Taxes

Money from coal taxes will go to fund college scholarships for eastern Kentucky high schoolers.

Governor Steve Beshear has created a program lawmakers could not. The governor has released $4 million to be given as scholarships to Eastern Kentucky college students. Lawmakers wrestled with several scholarship proposals during the last legislative session, but an agreement was never passed.

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