budget

State budget leaders sit at a desk presenting details on the state's rainy day fund.

Kentucky’s ‘rainy day’ fund reaches new heights due to tax revenue surplus

BY: - August 2, 2023

FRANKFORT — Kentucky’s budget reserve trust fund, commonly known as the “rainy day” fund, now sits at more than $3.7 billion in large part due to record tax revenues brought in by the state during the last fiscal year.  State Budget Director John Hicks told state lawmakers at an interim committee meeting Wednesday the budget […]

Biden budget asks for 25% tax on billionaires, boosts in domestic and defense spending

BY: - March 9, 2023

WASHINGTON — President Joe Biden said Thursday he’s ready to meet with U.S. House Speaker Kevin McCarthy to hash out federal spending as soon as House Republicans release their budget, a challenging task without a firm deadline. “I’m ready to meet with the speaker anytime, tomorrow if he has his budget,” Biden said during a […]

COMMENTARY

Kentucky politicians of both parties patting themselves on the back for state surplus

BY: - January 9, 2023

FRANKFORT — I’ll say this for the pleasant delusion that has settled over the Capitol like Kentucky River fog: It’s bipartisan.  Politicians on both sides of the aisle appear convinced that their virtuous policies and economic acumen account for state government’s record-high revenue surplus. No one gives credit where credit is due — to the […]