For months, Kentucky lawmakers have been studying how to handle Kentucky's underfunded pension system. But the problems of the system have been occurring for longer than just a few months. Various proposals are on the table, but lawmakers may not have much time to come to a compromise.
Kentucky's General Fund Receipts increased by 5.3 percent last month, compared to September of last year. However, revenues for the first quarter still fell below the pace needed to meet the official estimate. Meanwhile, road funds declined 3.9 percent.
Notices are going out in the mail to an estimated 37,000 Tennessee borrowers who may be eligible for payment under a $25 billion national mortgage foreclosure settlement. Eligible borrowers will be receiving claim forms in the mail this month and Attorney General Bob Cooper of Tennessee urged residents to complete the forms and return them by the January 18, 2013 deadline.