Kentucky

Kentucky lawmakers approved a $22 billion biennial budget bolstered by cuts for most state agencies, transfers and new revenue.

Many teachers went on strike Monday after state lawmakers approved a pay raise that represented about half of what they sought.

The state House approved a $22.5 billion general fund budget that relies on fees and tax increases to fund priorities like pension obligations.

Issuers across the Southeast sold $68.5 billion of bonds in 2017, a 5.8% year-over-year decrease.

Four senators released a proposal to deal with the Bluegrass state’s unfunded pension obligations.

The bill would let governments invest funds in mutual, closed-end and exchange-traded funds, and high-quality corporate bonds.

Calling his two-year budget "difficult but honest," Gov. Matt Bevin cut most state agency budgets by 6.25% and borrowed to fund reserves.

As state lawmakers confront a $1 billion budget gap, an 11.2% increase in revenues may be short-lived, budget director says.

The state also warned that $1 billion in cuts could be needed in 2019-2020 due to rising pension and Medicaid costs.

The state-supported Kentucky university’s bond rating was downgraded to A-plus by S&P Global Ratings.

“Strengthened” financing agreements for the KFC Yum! Center debt, including longer taxpayer support, resulted in higher ratings.

Below-estimate state general fund revenues complicate pension funding decisions.

A bill will be released in coming weeks detailing a new structure for all of the state’s retirement plans.

Federal allegations of basketball recruiting violations could lead to sanctions that reduce revenues for the Louisville Arena Authority's bonds.

The university and its foundation are on review because of allegations into recruiting violations.

The Scott County School District obtained an underlying rating instead of relying on the state’s recently downgraded enhancement program.

Regional bond issuance slipped by 31% in the first half and volume was down sharply in Florida.

Moody's Investors Service cited underperforming revenues and low pension funding levels.

CATLETTSBURG, Ky. -- New county tax dollars chiefly generated by a Marriott-brand hotel can officially be captured by the city of Ashland for 20 years and used to fund more development projects.

An 11-year decrease in Kentucky's workforce upended a key formula underpinning its pension system.