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.
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.
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.
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.
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."