Kentucky

TexasTowelie

(112,167 posts) Tue Jul 13, 2021, 10:04 AM Jul 2021

Kentucky's General Fund has a $1.1 billion surplus, Gov. Andy Beshear says

FRANKFORT, Ky (AP) — Kentucky’s General Fund ended the fiscal year with a $1.1 billion surplus, the highest ever in the commonwealth, Gov. Andy Beshear said Friday.

General Fund receipts grew by 10.9% in fiscal year 2021, the highest annual growth rate in 26 years, Beshear said.

The General Fund pays for most state services, including education, health care and public safety.

“Folks, this economy is on fire,” Beshear said in a video announcement posted to social media. “We’re gonna make sure it reaches every part of Kentucky and most importantly, it benefits each and every one of our families.”

Read more: https://www.courier-journal.com/story/news/politics/2021/07/11/gov-andy-beshear-kentucky-general-fund-1-billion-surplus/7930599002/

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Kentucky's General Fund has a $1.1 billion surplus, Gov. Andy Beshear says (Original Post) TexasTowelie Jul 2021 OP

Oh no! I would be very hesitant to believe this fact. Means that Kentucky will do a Kansas SWBTATTReg Jul 2021 #1

They need to shore up their pension fund for teachers and state employees. TexasTowelie Jul 2021 #2

SWBTATTReg

(22,114 posts)

1. Oh no! I would be very hesitant to believe this fact. Means that Kentucky will do a Kansas

Reply to TexasTowelie (Original post)

Tue Jul 13, 2021, 12:56 PM

Jul 2021

cut taxes to the bone scenario, which will, in the long run, destroy state finances.

TexasTowelie

(112,167 posts)

2. They need to shore up their pension fund for teachers and state employees.

Reply to SWBTATTReg (Reply #1)

Tue Jul 13, 2021, 03:42 PM

Jul 2021

KRS is among the worst retirement systems in the country.

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