skip to main content
skip to newscasts

Saturday, April 27, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Louisiana teachers' union concerned about educators' future; Supreme Court hears arguments in Trump immunity case; court issues restraining order against fracking waste-storage facility; landmark NE agreement takes a proactive approach to CO2 pipeline risks.

view newscast page
play newscast audioPlay

Speaker Johnson accuses demonstrating students of getting support from Hamas. TikTok says it'll challenge the ban. And the Supreme Court dives into the gray area between abortion and pregnancy healthcare, and into former President Trump's broad immunity claims.

view newscast page
play newscast audioPlay

The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken, and a new federal rule aims to put the "public" back in public lands.

Advocates: KY has billions in rainy-day funds that could benefit communities

play audio
Play

Monday, December 18, 2023   

In less than a month, lawmakers will convene for the 2024 Kentucky General Assembly.

Advocates said they want fewer dollars stockpiled in the state's rainy day fund and more money going to resources to help address the housing crisis, teacher and bus driver shortage and economic hardship brought about by inflation.

According to the Kentucky Center for Economic Policy, the state has nearly $4 billion in its "rainy day" or Budget Reserve Trust Fund, and it's expected lawmakers will continue padding its savings.

Jason Bailey, executive director of the Kentucky Center for Economic Policy, said the cash stockpile could be used to justify tax cuts down the road, which would disproportionately benefit the wealthiest Kentuckians, while the state's problems grow.

"We have child care centers that are on the brink," Bailey pointed out. "We have needs in our state that are unfulfilled, and the money's there for the first time in a long time to begin to reinvest it."

Supporters of bulking up the state's rainy day fund argue the money is needed to buffer the state from future economic downturns and provides extra cash for natural disaster aid. The rainy day fund is expected to top $5 billion by next summer, an amount Bailey argued exceeds what is necessary to protect against hard times.

Courtney Rhoades Mullins, black lung organizer for the Appalachian Citizen Law Center, said residents in eastern Kentucky are still out of their homes, living in tents or FEMA campers a year-and-a-half after 2022's devastating floods. She stressed money to build new homes continues to be a need.

"People are still having to adapt," Rhoades Mullins explained. "People are still trying to navigate in this world after this devastating flood that not only took several people's lives but has displaced so many."

Kentucky recently changed its income tax rate from a graduated rate up to 6% to a flat 4% rate. According to some economists, the Commonwealth's General Fund, typically fueled by income taxes, will likely fail to keep pace with inflation over the next few years.

Disclosure: The Kentucky Center for Economic Policy contributes to our fund for reporting on Budget Policy and Priorities, Criminal Justice, Education, and Hunger/Food/Nutrition. If you would like to help support news in the public interest, click here.


get more stories like this via email
more stories
The United Nations experts also expressed concern over a Chemours application to expand PFAS production in North Carolina. (Adobe Stock)

play sound

United Nations experts are raising concerns about chemical giants DuPont and Chemours, saying they've violated human rights in North Carolina…


Environment

play sound

Conservation groups say the Hawaiian Islands are on the leading edge of the fight to preserve endangered birds, since climate change and habitat loss …

Environment

play sound

CO2 pipelines are on the increase in the United States, and like all pipelines, they come with risks. Preparing for those risks is a major focus of …


It's estimated that invasive pests destroy up to 40% of food crops and cause $220 billion in trade losses worldwide. (Lee/Adobe Stock)

Environment

play sound

April has been "Invasive Plant Pest and Disease Awareness Month," but the pests don't know that. The U.S. Department of Agriculture says it's the …

Social Issues

play sound

Leaders of a teachers' union in Louisiana are voicing concerns about a package of bills they say would have the effect of dissolving labor unions in t…

David Coon designs and evaluates interventions for families and caregivers of adults with chronic illnesses, including dementia, cancer and depression. (Arizona State University)

Health and Wellness

play sound

The 2024 Arizona Alzheimer's Consortium Public Conference kicks off Saturday, where industry experts and researchers will share the latest scientific …

Environment

play sound

Environmental groups say more should be done to protect people's health from what they call toxic, radioactive sludge. A court granted a temporary …

Social Issues

play sound

Orange County's Supreme Court reversed a decision letting the city of Newburgh implement state tenant protections. The city declared a housing …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021