Kentucky

The outlook for the University of Louisville was changed to developing after Moody's Investors Service found that Kentucky Gov. Matt Bevin’s dismissal of the board of trustees raised uncertainty about the university’s governance.

Kentucky Gov. Matt Bevin restructured the state pension board as a state agency, saying the move was necessary to achieve greater transparency and better administration.

Kentucky, after plugging billions into its massively underfunded pensions this year, is hitting the brakes on transportation spending.

Circuit Court Judge Thomas Wingate ruled that Kentucky Gov. Matt Bevin acted properly when he ordered higher education budget cuts.

The Kentucky Bond Corp. will use its highly rated pool bond program to help Hillview fund a legal settlement negotiated after the city filed for bankruptcy.

Kentucky Gov. Matt Bevin approved the state budget for the next two fiscal years, which cuts agency and education funding to address a portion of the state’s massively underfunded pensions.

Kentucky’s Attorney General Andy Beshear has asked the Executive Branch Ethics Commission to probe improprieties of public corruption alleged by Gov. Matt Bevin.

Hillview, Ky., has filed a motion to dismiss its Chapter 9 bankruptcy case based on a settlement with a creditor that Moody's Investors Service said may prove unaffordable for the small city south of Louisville.

A plan to resolve Hillview, Ky.'s bankruptcy case led Standard & Poor's late Tuesday to lift the bond ratings of the small city south of Louisville to investment grade from junk.

Kentucky Gov. Matt Bevin said Tuesday that he ordered an investigation into “potentially illegal” contracting and coerced political contributions during former Gov. Steve Beshear’s administration.

Kentucky legislators passed a biennial budget that cuts state agency and higher education funding in order to contribute $1.28 billion toward its underfunded pensions.

Kentucky Attorney General Andy Beshear, a Democrat, filed suit Monday contending that budget cuts at nine public colleges and universities ordered by Republican Gov. Matt Bevin were illegal.

Kentucky Attorney General Andy Beshear said Friday he will file suit if Gov. Matt Bevin fails to rescind immediate budget cuts the governor imposed at state colleges and universities.

Kentucky lawmakers sent Gov. Matt Bevin a sweeping bill authorizing public-private partnerships, although it prohibits tolls on any state transportation projects that connect with Ohio.

Hillview, Ky. and creditor Truck America say they have reached a settlement over a $15 million judgment that will enable the city to dismiss its Chapter 9 bankruptcy case.

Local and state government leaders are tapping sales taxes for new revenue to help close budget gaps, pay for infrastructure, fund pension liabilities, and finance basics such as teachers’ raises.

The lack of progress in funding Kentucky’s pensions led Standard & Poor's Friday to cut the Kentucky Turnpike Authority’s bonds to AA-minus from AA ahead of a $216 million sale.

The Kentucky State Property and Buildings Commission plans to price $663.5 million of new and advance refunding bonds Tuesday, starting with a retail order period.

In the Southeast, pent-up need for capital and low interest rates translated into a five-year high for bond issuance in 2015.

The Nelson County Public Library District in Kentucky plans to competitively price $1.6 million of general obligation refunding bonds on Tuesday.