Monday, May 9, 2016

Budget will hobble Kentucky - Lexington Herald Leader Editorial

While we applaud Gov. Matt Bevin and lawmakers for tackling the crisis in public-pension funding, there’s little else to cheer in the budget that Bevin signed Wednesday. More than anything, the two-year spending plan is a formula for stagnation and losing ground to other states. When adjusted for inflation, Kentucky’s funding of higher education will have declined by almost one third since 2008, while the core funding formula for public schools will be 12 percent below its 2008 level, according to the Kentucky Center for Economic Policy.

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