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Kentucky has met the financial conditions needed to set in motion another cut in the state's personal income tax rate that could take effect in 2026, top Republican lawmakers said Wednesday. State ...
As of June 30, 2020, the KPPA total assets stood at $18.2 billion, composed of $12.7 billion in the pension funds and $5.5 billion in the insurance funds. [18] [19] The total unfunded liabilities range from $40 billion to $60 billion, an amount that is four to six times the size of Kentucky's General Fund Budget.
A Coverdell education savings account (also known as an education savings account, a Coverdell ESA, a Coverdell account, or just an ESA, and formerly known as an education individual retirement account), is a tax advantaged investment account in the U.S. designed to encourage savings to cover future education expenses (elementary, secondary, or college), such as tuition, books, and uniforms ...
The Kentucky Education Association ( KEA) is an advocacy and lobbying group for "improved education funding, safe schools, better materials, smaller class sizes, and the empowerment of school employees and parents" in Kentucky's education system. It was founded in 1857. [1] Membership is voluntary, and all school employees can join.
Over the past three years, that funding has represented 12% of Kentucky's total education revenue. Beshear's budget proposal, put forth Dec. 18, calls for an 11% salary increase for all public ...
In late 2022, the Kentucky Supreme Court unanimously struck down a 2021 bill that would have created a privately funded needs-based assistance program to cover educational expenses for families ...
An outcome of the Kentucky Postsecondary Education Improvement Act of 1997 was the creation of the Kentucky Council on Postsecondary Education (CPE). CPE exists to foster the success of Kentucky's public and private universities and technical colleges by enacting education legislation, conducting university research, training educators and more.
Kentucky lawmaker Chris Fugate said a “short-term solution,” providing a one-time payment, is especially needed for rural school districts unable to give teacher raises because of declining ...