Economy

Economy
8:05 am
Wed November 21, 2012

What to do About Kentucky's Struggling Pension Systems? Task Force Makes Recommendations

Kentucky's state pension plans have problems, and a bipartisan legislative task force has approved sweeping recommendations to overhaul them -- including putting new employees in a hybrid plans akin to 401Ks.

The task force -- with an 11-1 vote -- is recommending that the General Assembly start fully funding their pension contributions starting with the next budget in 2014. Lawmakers’ inability to do that is part of the pension plans problems.

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Access to independent grocers
9:36 am
Mon November 19, 2012

Tennessee Task Force to Address "Food Deserts"

Fresh produce

A task force in Tennessee is trying to encourage independent grocers to locate more outlets in low-income areas. The Tennessee Grocery Access Task Force is a coalition of more than 50 private and public sector groups who want to see a financial incentive program developed to encourage independent grocers to locate in so-called "food deserts."

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Economy
6:00 am
Mon November 19, 2012

Stumbo: Tax Commission Needs 'Courage' to Make Bold, New Proposals

The Kentucky House speaker said the commission charged with proposing changes to Kentucky's tax code is "backing away" from controversial issues. House Speaker Greg Stumbo said in a recent interview that the Blue Ribbon Commission on Tax Reform needs to be bolder. He said the appointed commissioners are approaching the tax code issues as if they have political capital to lose, refusing to offer new ideas.

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Economy
8:36 am
Fri November 16, 2012

Kentucky to Delinquent Taxpayers: Amnesty Ends Soon

The deadline is nearing for delinquent Kentucky taxpayers to take advantage of an amnesty period. Kentucky officials say this is the first amnesty period in 10 years and allows people to pay taxes that are due without paying fees or penalties and having the interest reduced by half.

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Economy
9:55 am
Thu November 15, 2012

Owensboro Leaders Tout New Interstate Study

In Kentucky's fourth-largest city, there's no instant access to an interstate seen as a magnet for job growth, but officials in Owensboro are riding hopes that a new study will put them on a path toward becoming aligned with a highway running from Tennessee to Michigan.

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Jobs
9:27 am
Thu November 15, 2012

Kentucky's Jobless Rate Stays at 8.4%

Construction workers in Warren County

Kentucky's manufacturing sector was flat last month, and the state's unemployment rate remained at 8.4% for the month of October, according to the Kentucky Education and Workforce Development Cabinet.

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Economy
8:06 am
Tue November 13, 2012

Southern Kentucky Food Pantry Struggling to Help Needy

With the holiday season fast approaching, a food pantry in southern Kentucky is struggling to come up with enough food to give to needy families. The Come-Unity Cooperative Care food pantry in London is the central agency that hands out food to needy residents.

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Economy
8:04 am
Mon November 12, 2012

Gov. Haslam Wrapping Up Tennessee Budget Hearings this Week

Gov. Bill Haslam will wrap up budget hearings this week. The hearings are for fiscal year 2013-14. Despite improving state revenues, the Republican governor has asked state departments to develop plans for a 5 percent spending cut as a fallback.

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Economy
2:31 pm
Fri November 9, 2012

General Fund Receipts Increase in Kentucky

Kentucky State Budget Director Mary Lassiter says General Fund receipts rose 3.7 percent in October. That means receipts have increased 2.5 percent over the first four months of the fiscal year and must continue to grow at 2.4 percent for the remainder of the year to meet official revenue estimates.

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Economy
9:03 am
Thu November 8, 2012

Regional Forum on Homelessness to be Held in Bowling Green

The Second Annual Regional Forum on Homelessness will be held in Bowling Green next week.  The activity is designed to coincide with National Hunger and Homelessness Awareness Week.

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