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Will Kentucky cut its Income Tax Again?

Published

3 months ago

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www.youtube.com – FOX 56 News – 2024-08-25 13:38:44

SUMMARY: Kentucky’s individual income tax rates are set to decrease from 4% to 3.5% in 2026, pending legislative approval. Senate budget chairman Chris McDaniel indicated that the state’s Reserve Fund has surpassed $5 billion, meeting the conditions for this tax cut. However, there are concerns that lowering income taxes may lead to increased consumption taxes, as Democrats argue that balancing the budget requires compensating elsewhere. Legislators face pressures to meet citizen needs while maintaining government services. Overall, the tax adjustment aims to stimulate economic growth, though critics warn of potential risks, citing examples from other states.

Kentucky appears to be on track for another income tax cut. Rep. Savannah Maddox and Rep. George Brown discuss how sustainable the move may be long term.

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News from the South - Kentucky News Feed

Evening weather forecast 11/20/2024

Published

1 day ago

on

November 20, 2024

By

www.youtube.com – FOX 56 News – 2024-11-20 18:04:09

SUMMARY: Winter weather is approaching Kentucky, with temperatures dropping to the low 40s and feeling like the upper 30s. A winter weather advisory is set for Southeastern Kentucky tomorrow night through early Friday, highlighting the potential for accumulating snowfall, especially in higher elevations. Snow is expected to start late Thursday evening, with the possibility of a wintry mix overnight. While most areas may see only light accumulations, Southeastern Kentucky could receive up to four inches of snow. Temperature highs will remain in the 30s, but a warm-up is expected by the weekend, potentially reaching 60 by Monday.

FOX 56 meteorologist Justin Esterly details the chances of snow across the Bluegrass in Wednesday’s evening forecast.

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News from the South - Kentucky News Feed

Nicholasville organization activates weather plan in response to bitter cold temperatures

Published

1 day ago

on

November 20, 2024

By

www.youtube.com – FOX 56 News – 2024-11-20 17:58:20

SUMMARY: As freezing temperatures approach, the Jessamine County Homeless Coalition adapts to provide a warm refuge for those in need. The facility on East Maple Street functions as a warming center, allowing individuals to stay even with a clean background check, bypassing usual paperwork during extreme weather. Staff are prepared to accommodate overflow by setting up additional sleeping spaces. Residents express gratitude for a safe environment, highlighting the dangers of winter nights spent outside. The Coalition’s commitment to assisting individuals, regardless of capacity, emphasizes their role in offering warmth and support during critical times.

With the incoming freezing temps, organizations like the Jessamine County Homeless Coalition are preparing to take more people in.

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News from the South - Kentucky News Feed

Attorney General holds post-election inquiry drawing

Published

1 day ago

on

November 20, 2024

By

www.youtube.com – FOX 56 News – 2024-11-20 17:47:40

SUMMARY: The Kentucky Attorney General’s office conducted a drawing to select 12 counties for a postelection inquiry aimed at protecting ballot integrity. The selected counties include Callaway, Davis, Jefferson, Jesson, Bole, Baron, Warren, Campbell, Metcalfe, Edmonson, Lincoln, and Trigg. Throughout the year, the office monitors potential election law violations via a hotline, which received over 700 messages, including nearly 350 on Election Day. Each inquiry is investigated seriously, emphasizing the stewardship of elected officials to ensure fair and secure elections. Findings from the investigations will be presented to a grand jury in the audited counties.

The Kentucky Attorney General’s office held a drawing on Wednesday randomly selecting 12 counties to go through a post-election day inquiry.

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