Kentucky

The ratings agency said it action reflects the state’s solid economic recovery from the COVID-19 pandemic.

Moody's Investors Service notes that the new two-tier pension system will not immediately decrease Kentucky's high unfunded pension liabilities.

The budget, a continuation from the previous fiscal year, was called too austere by some critics.

They assumed their jobs over the past year in the face of a pandemic, civil unrest and financial uncertainties, and in an industry often set in its ways.

The Kentucky Kingdom amusement park, which leases its property from the Kentucky State Fair Board, will now be run by the well-seasoned operator of Dollywood.

Monday’s vote was the start of the process of allowing lawmakers to work on the approximately $12 billion state budget in a conference committee.

Both domestic and international travel have been down sharply during the pandemic.

With convention and hotel taxes plummeting, Lexington is financing up to three years of debt service to avoid default and backing the deal with a GO pledge.

The ratings on the Louisville, Kentucky's KFC Yum! Center bonds were lowered to BBB-plus by S&P because of expected operational difficulties.

Public pension plans already received their 2020 funding by the time that the initial economic shock wave of the pandemic occurred.

The Bluegrass State will issue debt for operations and capital needs at the University of Louisville Health Medical Center.

Two baseball stadiums and a basketball arena face cash-flow hits from the COVID-19 pandemic.

Refundings and taxable deals were also up substantially, driving the region to $75 billion of municipal bond volume, up 32.6% from 2018.

Gov. Andy Beshear is calling for a 1.8% increase in state spending for fiscal 2021, a plan that relies on sin taxes and sports betting revenue.

Pittsburgh International Airport is partnering with the University of Pittsburgh on an additive manufacturing epicenter.

Gov. Andy Beshear released an unfavorable actuarial analysis of a pension reform plan backed by former Gov. Matt Bevin.

John Hicks has left his position as executive director of NASBO to become Kentucky's budget director.

Gov. Bevin said after a canvass of the Nov. 5 election results that, "based on the vote of the people," Democrat Andy Beshear had won.

Moody's Investors Service says the law is good for holders of local GO bonds, though it remains untested in bankruptcy court.

The Kentucky Supreme Court’s ruling prevented a quasi-governmental agency that filed for bankruptcy from leaving the state pension system.