Worried about Kentucky’s economic future? You should be

For the second straight year, Fitch has assigned Kentucky a less-than-stellar credit rating. The global ratings agency has assigned Kentucky an “AA-” rating on revenue bonds that will be offered “through negotiation” on Wednesday. Fitch Ratings has assigned  a AA- credit rating to both $256 million worth of  road revenue bonds and on $7.3 billion in “appropriation…

Gambling got its shot, let’s move on to other solutions

The Kentucky Senate voted Thursday on the expanded gambling amendment. By a 16-21 vote, the measure to allow up to seven casinos in Kentucky was denied. Regardless of where you stand on legalizing casinos for recreational purposes, one thing we can celebrate is the end of a terrible “solution” to the state’s budget problem. The…

Video: Matthew Mitchell on institutions and state spending

Last week, The Bluegrass Institute was fortunate enough to be able to co-host an event with the Mercatus Center which included several distinquished speakers. Matthew Mitchell, a senior research fellow at the Mercatus Center, spoke about state spending and the impending debt crisis that threatens to engulf Kentucky. You can view the presentation slides that accompany this…

Video: Economist John Garen on Kentucky Medicaid spending

Last week, The Bluegrass Institute was fortunate enough to be able to co-host an event with the Mercatus Center which included several distinquished speakers. University of Kentucky economist Dr. John Garen spoke about the rising costs associated with Kentucky’s medicaid policies. Garen is the author of An Unsustainable Path: The Past and Future of Kentucky  Medicaid Spending,…

Video: Maurice McTigue on transparency and efficiency

Last week, The Bluegrass Institute was fortunate enough to be able to co-host an event with the Mercatus Center which included several distinquished speakers. The first speaker was Mercatus Center Vice President and Former New Zealand Cabinet Minister Maurice McTigue who spoke on how to effectively streamline and seek efficiency in state government. You can view…

Links to ‘Obamacare’ lawsuit documents

This week we learned that a group of 59 Kentucky legislators signed their name to an Amicus brief and joined in the lawsuit challenging several aspects of the Patient Protection and Affordable Care Act (most notably the individual mandate requiring Americans purchase health insurance). You can view these documents on our transparency database, FreedomKentucky.org… Amicus…

Quote of the day: Prevailing wage policies are costly

“The overwhelming conclusion in the economics literature is that prevailing wage laws increase construction costs. The analysis performed by the Office of State Budget Director shows that a conservative estimate of the potential cost savings for the Commonwealth would be a statewide average of 17.1% of the labor cost of construction projects.” – The Impact…