Kentucky Center for Economic Policy: A Preview of the 2016-2018 Kentucky State Budget
ITEP Work in Action
A comprehensive preview of the upcoming two-year Kentucky state budget confirms both a massive funding gap facing the state for the next two years and a need for reinvestment in many areas post-recession.
Authored by the Kentucky Center for Economic Policy (KCEP), the report notes that expected growth in state revenue the first year of the new budget will be at least $500 million less than basic new costs the state will face in pensions, corrections, Medicaid and school population growth alone. More resources will need to be found if Kentucky hopes to roll back cuts to services harmed by 15 rounds of reductions since 2007 or make new investments that could move the state forward.
A comprehensive preview of the upcoming two-year Kentucky state budget confirms both a massive funding gap facing the state for the next two years and a need for reinvestment in many areas post-recession.
Authored by the Kentucky Center for Economic Policy (KCEP), the report notes that expected growth in state revenue the first year of the new budget will be at least $500 million less than basic new costs the state will face in pensions, corrections, Medicaid and school population growth alone. More resources will need to be found if Kentucky hopes to roll back cuts to services harmed by 15 rounds of reductions since 2007 or make new investments that could move the state forward.