All Articles - City Limit News
Could CERS Have Better Investment Returns?
Returns posted by the Kentucky Retirement Systems for the end of the fiscal year show investments were above benchmarks, but recent changes in asset allocations may drag its numbers down. KLC continues to believe CERS separation is the best path forward for the local pension system to ensure it is not hampered by administration and management concerns.
Kentucky Supreme Court to Hear Pension Case
The state's highest court has set a September 20 hearing date for the governor's appeal to a Franklin Circuit Court ruling that invalidated the pension law, Senate Bill 151. The Kentucky Supreme Court will now decide if the law was passed legally.
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KLC Board Sets 2019 Legislative Priorities
The KLC Board of Directors has finalized its priorities for the 2019 legislative session with separation of the County Employees Retirement System (CERS), modernization of the road funding formula and flexibility and protection of the state's tax laws topping the list.
Kentucky Overdose Deaths on the Rise
According to a new report from the Kentucky Office Of Drug Control Policy, the state recorded an 11.5 percent increase in overdose deaths in 2017. While heroin deaths declined, fentanyl and other drugs saw a spike.
Changes Revenue Bill Will Have on State Budget Hard to Gauge
Economists in charge of mapping out Kentucky's financial future met to discuss the possible impact of tax changes made in the 2018 session. Representatives of the Office of the State Budget Director and Kentucky Department of Revenue testified that it is hard to predict how the fiscal year will fare.
Loans Approved for Hopkinsville Broadband Project
The city of Hopkinsville is getting help from the state as it expands broadband service. The Capital Projects and Bond Oversight Committee approved loans for the Hopkinsville Electric System for the next phase of a project that Mayor Carter Hendricks says is vital to ensure Hopkinsville becomes a Gig City.
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Governor Wants Judge to Amend Pension Ruling
Governor Bevin's general counsel filed a new motion in the pension lawsuit asking Franklin Circuit Court to alter, amend or vacate a June ruling that declares Senate Bill 151 invalid.
Federal Commission on School Safety Holds Listening Session in Kentucky
President Trump created the Federal Commission on School Safety after the Parkland, Florida shooting. On Tuesday, it came to Kentucky to hear from Governor Matt Bevin, legislators, law enforcement, the public and others on what the state is doing to try and curb the increase of violence in our schools.
Members of CERS Separation Group Announced as KRS Testifies on New Investments
PPOB co-chair Jerry Miller announced at a Monday afternoon meeting that members of a subcommittee to study CERS separation have been selected. That information came after testimony from the Kentucky Retirement Systems Board of Trustees Chairman its and Executive Director on a recent decision to adopt a new investment strategy for all plans, including CERS.
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Tax Panel Told Cities Need More Revenue Options
KLC Deputy Executive Director J.D. Chaney told a Kentucky Chamber of Commerce tax panel that cities are looking to the legislature to provide more options to fund the growing demand on city services. Representative Ken Fleming is heading up a new tax task force and hopes to have tax reform by 2020.
Is Your City Ready for the New Tax Laws?
New tax laws that go into effect July 1, 2018, may have a significant impact on your city. We are continuing to gather information on what will fall under the new requirement for the 6 percent sales and use tax and on changes that need to be made to withholding due to the flat 5 percent state income tax rate.
KLC Board Votes on 2019 Legislative Agenda
From CERS separation to modernizing the road funding formula and limiting the peace officer powers of untrained constables, the KLC Board of Directors voted Thursday on a wide range of priorities for the 2019 legislative session.
2018 'Friend of Kentucky Cities' Award Winners Announced
he KLC Board of Directors named a record number of legislators as 2018 'Friend of Kentucky Cities' award winners. Eleven senators and 18 representatives will be honored this year for performing outstanding work advocating for issues that impact cities across the state.
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Judge Strikes Down Pension Law
Franklin Circuit Judge Phillip Shepherd has ruled in favor of a lawsuit against the state's new pension law. The judge says the law is invalid because it was not read three times before passage and because it did not pass with a constitutional majority vote.
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Cities and Schools Team Up to Promote Civics Education
The Kentucky League of Cities offers a unique program to schools across Kentucky. City Government Month provides a teacher created and approved civics lesson plan, along with various other tools for teachers and parents. It also asks city leaders to participate in teaching elementary school students about their local government.
Legislative Group Formed to Draft Sports Betting Proposal
A bipartisan group of legislators have formed a group to draft and file legislation in the House and Senate that would legalize sports betting in Kentucky.
