Connect with us

News from the South - Kentucky News Feed

Will Kentucky cut its Income Tax Again?

Published

on

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.

Subscribe to FOX 56 News on YouTube: https://www.youtube.com/c/FOX56News/?sub_confirmation=1

Stay informed about central Kentucky news, weather, and sports! Follow FOX 56 on our website and social channels:

https://www.FOX56News.com
https://www.youtube.com/c/FOX56News
https://www.facebook.com/FOX56News
https://twitter.com/FOX56News
https://www.instagram.com/FOX56News
https://www.linkedin.com/company/FOX56News

Source

News from the South - Kentucky News Feed

Hank Plona says Julius Thedford is not ruled out for rest of season after injury

Published

on

www.wnky.com – Samantha Money – 2025-01-21 17:15:00

SUMMARY: WKU men’s basketball freshman guard Julius Thedford suffered a knee injury during a 71-57 loss to MTSU, dislocating his kneecap and tearing a ligament. Although the injury doesn’t require surgery, it will need rehab. Head coach Hank Plona remains optimistic, stating Thedford could return later this season, though he is expected to miss a couple of weeks. Thedford will miss WKU’s upcoming road games against Louisiana Tech and Sam Houston. He joins Babacar Faye as a player with an uncertain return timeline for the season.

Read the full article

The post Hank Plona says Julius Thedford is not ruled out for rest of season after injury appeared first on www.wnky.com

Continue Reading

News from the South - Kentucky News Feed

Biden pardon of former Kentucky Dems chair draws Republican ire | Kentucky

Published

on

www.thecentersquare.com – By Steve Bittenbender | The Center Square contributor – 2025-01-21 12:54:00

SUMMARY: Former Kentucky Democratic Party chairman Jerry Lundergan, convicted in 2019 for illegal campaign contributions and conspiracy, received a controversial pardon from President Joe Biden shortly before Donald Trump’s inauguration. Lundergan, who was sentenced to 21 months in prison for funding his daughter Allison Lundergan Grimes’ 2014 Senate campaign with over $200,000 in corporate funds, had his civil rights restored, including the right to vote. This pardon faced backlash from Kentucky Republicans, as state lawmakers consider measures to limit future gubernatorial pardons during election periods to ensure justice system integrity and transparency.

Read the full article

The post Biden pardon of former Kentucky Dems chair draws Republican ire | Kentucky appeared first on www.thecentersquare.com

Continue Reading

News from the South - Kentucky News Feed

Family loses house, belongings in Edmonson County fire

Published

on

www.wnky.com – WNKY Staff – 2025-01-21 11:29:00

SUMMARY: A family in Wingfield, Ky., lost their home to a fire on January 21, 2025. Firefighters received a call about the blaze just before 5 a.m., initially reporting it as a chimney fire. Upon arrival, the house was fully engulfed, and family members stated it dated back to the late 1920s or early ’30s. The fire left them with nothing but the clothes they wore, though thankfully, no injuries were reported. Access issues delayed the arrival of multiple fire trucks, with several departments responding. Relief efforts for the affected family are underway; contact Haley Ashley at 270-392-8550 for assistance.

Read the full article

The post Family loses house, belongings in Edmonson County fire appeared first on www.wnky.com

Continue Reading

Trending