Missing the boat on pension reform

An odd story in a national investments magazine perhaps sheds light on why so few people have expressed appropriate shock and horror at the huge mess Kentucky officials have made of our public employee fringe benefits system. Pension and Investments Magazine quotes (misquotes?) Finance and Administration Cabinet Secretary Jonathan Miller understating the size of Kentucky’s…

What would your top priority be?

As the 2009 General Assembly starts up, the most commonly searched bill on KentuckyVotes.org for the new session is Rep. Bill Farmer’s tax reform bill. It is clear that state government’s most immediate needs involve cutting spending dramatically. Changing tax and regulation policies to better encourage growth are certain to get short shrift in the…

Beshear’s mysterious five day delay

Gov. Steve Beshear promised to run government differently, openly, more transparently, many times. He has promised to save taxpayers up to $180 million a year by being more efficient. Follow-through has been a problem. We’re still waiting for the missing efficiency study and the much-needed $180 million. And now we have learned from the Governor’s…

First disappointment of 2009

Gov. Steve Beshear and Finance and Adminstration Cabinet Secretary Jonathan Miller made a big deal the last six months out of promising a government spending transparency web site to be made available today:Everyone in the world knows what day it is. And fiscally-minded Kentuckians still don’t know what the state government is doing with their…

No, it won’t

The State Journal’s Paul Glasser is the latest reporter to botch the Gov. Steve Beshear pension scheme story:Beshear’s plan delays the requirement that cities and counties catch up on funding their woefully underfunded health and pension benefits plans. The alternate universe mentality that pervades Frankfort and most of the mainstream media emboldens some to spin…

Good sign of a bad idea

When Governing Magazine doesn’t like a big-government tax scheme, you know it’s really bad news. Take, for example, corporate welfare for motion picture productions: “During the past fiscal year, according to a recent study, New Mexico granted $38.2 million in tax rebates for TV and movie production, but in return saw only enough increase in…