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.
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.