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.
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.
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.
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.