Gov. Steve Beshear says he hasn't reached a conclusion on whether Kentucky should borrow enough money through the sale of government bonds to shore up the pension systems for state and local employees. The state employee retirement plan faces a $19 billion shortfall. Add to that the financial woes in plans covering local government employees, state police, teachers, lawmakers, judges and other court workers, and the shortfall reaches $30 billion.
Military veterans who are renewing Kentucky driver's licenses will be able to have a special designation printed on the license. The General Assembly this year authorized the designation, and the required programming for circuit court clerks' offices was finished on Monday.
An annual report that describes the state’s financial outlook shows that Kentucky has once again gone deeper into debt. The report, when compared with past years, shows the state added more than $110 million in debt during the last fiscal year.
The CEO of a major Medicaid managed care company (MCO) is criticizing Kentucky for the way the state deals with businesses like his. Michael Neidorff is the CEO of Centene, which operates Kentucky Spirit, one of three statewide MCOs that has managed Medicaid patients for the state since last year.
A debate over Kentucky’s health insurance exchange ended with a walkout by Democratic lawmakers Wednesday. They were angered over an attempt by Republicans on the joint Health and Welfare committee to declare Governor Steve Beshear's executive order establishing the exchange illegal.