Is there a big decay in education funding in Kentucky?

As we get ready to enter the 2018 legislative season, Kentuckians have been continually hearing about supposed large reductions in education funding. The latest hand-wringing example was an article titled “Schools face uphill financial picture in face of state, local cuts” published on December 10, 2017 in Ashland’s The Daily Independent. The article contains a…

Bluegrass Beacon: House GOP shows solidarity, challenges the status quo

Editor’s note: This column originally was released to newspapers before the state Senate had passed its budget. It’s been updated to reflect passage of the Senate’s budget. How unfair it was for former Gov. Steve Beshear to claim he was leaving the commonwealth’s bank account in much-better shape than he was handed when, in reality,…

Innes to appear on Kentucky Tonight Monday

Richard Innes, the Bluegrass Institute’s staff education analyst, is scheduled to appear Monday, June 22, 2015 on KET’s Kentucky Tonight show. Per KET: “Substitute host Renee Shaw and her guests discuss education. Scheduled guests: Representative Derrick Graham, chair of the House Education Committee; Senator Mike Wilson, chair of the Senate Education Committee; Richard Innes, staff…

Bluegrass Beacon: Making transparency-tough choices connection key to solving pension crisis

Chris Tobe, a former Kentucky Retirement Systems trustee and author of “Kentucky Fried Pensions: A Culture of Cover-up and Corruption,” describes the commonwealth’s pension crisis as a “cancer eating its way through the whole state.” This cancer has spread – from Louisville, where a judge ruled that Seven Counties Services – a mental health agency…

More secrecy: Kentucky’s public pension system refuses to shine the light on its investment practices

Two recent examples of government secrecy show that Kentucky is a long way from having the kind of transparency in its government institutions that will bring real accountability to taxpayers footing the bill: Not only are the double-and-triple dippers in Kentucky’s public pension system protected from public scrutiny, so are its investment practices. The Kentucky…

Taking liberty to the airwaves: BIPPS on 84WHAS today at 9 a.m.

A lot of bureaucrats and labor-union bosses are in Frankfort with both hands out. Kentucky’s current spending approach on public pensions is unsustainable. Incomes are low; dependence on government is high in the commonwealth. Join Bluegrass Institute president Jim Waters as he makes the case for free markets, individual liberty and limited — and transparent — government this…

Fudging figures is no way to solve Kentucky’s public-pension crisis

It’s no secret that Frankfort’s bureaucratic bean counters possess quite the penchant for manipulating economic data to make their preferred agency’s performance appear as rosy as possible. Within the sphere of Kentucky’s six retirement funds, this fact is all the more troubling. That’s because the best arithmetic acrobatics our number crunchers could pull off still…