Courtney Rhoades Mullins faces a difficult predicament: the Eastern Kentucky woman is expecting twins in May but doesn’t know if she can find child care for them any time soon.
A new report singles out West Virginia for the state s costly tax cuts enacted this year, and the drastic lost in revenue expected to exacerbate existing budget shortfalls in higher education and other state services. The report from the Center on Budget and Policy Priorities found that beginning in 2025, the Mountain State will collect more than $800 million a year less in personal income tax revenue than it was previously. The Center s Senior Advisor for State Tax Policy, Wesley Tharpe, said the gains from that personal income tax cut are going to flow overwhelmingly to people at the top of the income-tax scale. .
By Nadia RamlaganPublic News ServiceIn 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
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. .