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KY has a nearly $200M budget surplus By Tom Loftus, Louisville Courier Journal Kentucky tax revenues outperformed expectations in the recently ended fiscal year, leaving the state with a $194.5 million surplus on July 1. The surplus should allow the state to cover some unbudgeted expenses, transfer $70 million to the Teachers' Retirement System medical insurance fund, and give a little help to the state's most troubled pension plan, which provides retirement benefits for most state workers. While the surplus is good news, it represents less than 2% above the $11.2 billion in tax revenue already anticipated during the fiscal year, and it will have only a tiny effect on Kentucky's long-term financial problems caused by the $42.7 billion in unfunded liabilities for its retirement plans. Full story at courier-journal.com. This story was posted on 2019-07-12 15:13:11
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Bloomfield man leaves nearly $2.5 million to his community Traffic Advisory - I65 Northbound, semi accident Cook's Transmission to be closed July 15-19 Letter - what I do for Chigger bites and Poison Ivy Edward C. Powell, 86, Russell County, KY (1932-2019) Fog this morning, then mostly sunny, high 87F 7-County Area Courts for Fri 12 July 2019 Drugs and crime subjects of Coleman's CofC meeting speech Donate items for RMH Donation Drive Yard Sale Lots of folks got it right View even more articles in topic News |
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