Another change in Kentucky’s financial outlook has the state’s business leaders calling on the General Assembly for immediate pension reforms.
Standard and Poor’s has changed Kentucky’s outlook to negative, citing the state's large unfunded pension obligations as the main reason.
In response, the Kentucky Chamber of Commerce, as well as 50 other business groups, held a news conference to demand that lawmakers pass the recommendations from last year’s pension task force as they were presented.
Chamber President and former Owensboro mayor David Adkission said the change is the best reason for why reforms need to happen soon.
Advocates for raising the dropout age in Kentucky have a new hope heading into the next legislative session. Currently, Kentucky law allows 16-year-olds to dropout of school with parental permission. And education advocates have pushed to raise the minimum dropout age to 18.
Dropout bills have consistently failed in Frankfort, but advocates are emboldened this year now that former Senate President David Williams is no longer in the General Assembly.
But new Majority Floor Leader Damon Thayer says that doesn't mean the bill is a sure thing.
“Because there are legitimate policy concerns we have had with raising the dropout age to 18," the Georgetown Republican says.
For the first time, the state has official figures on how much money Kentuckians bet online or over the phone on horse races that take place in the commonwealth. State Senator Damon Thayer says about $47 million was wagered in the first half of the year.