Exec Director, @KyPolicy

Kentucky
Joined November 2013
Jason Bailey retweeted
When talking about property taxes, it's important to remember that they're essential to funding schools, public safety, local governments and other vital local services.
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Jason Bailey retweeted
That doesn't mean the system is perfect, though. There are sensible reforms Kentucky can pursue to help those struggling with sharp increases in home values without threatening funding for local services. kypolicy.org/kentucky-proper…
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KY tax revenue has grown 12.8% in Q1 compared to last year, but that's almost entirely because of corporate tax windfalls likely generated by extraordinary corporate profits/stock gains and/or tariff refunds. Other states are seeing same thing. Other KY revenue growth is slow.
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Jason Bailey retweeted
The University of Michigan’s monthly consumer sentiment survey shows that Americans today feel worse about the economy than they did during either the Covid-19 pandemic or the 2008 financial crisis. nbcnews.com/business/economy…
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Jason Bailey retweeted
"About a quarter of active sportsbook account holders surveyed by the Siena Research Institute this year said that they’d lost enough on a bet that they’d have trouble meeting their financial obligations." propublica.org/article/draft…
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7.37% mortgage rates
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Jason Bailey retweeted
KY law requires the state to fund public school transportation. But for decades, lawmakers have suspended the law and provided an amount less than required. In this year's budget, the state provided $93M less than its own formula called for. These are the consequences.
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As home values have increased in recent years, there’s been talk of caps on property assessments that require changing the constitution & do more harm than good. Instead, KY can pursue commonsense reforms already in place in many other states. More here: kypolicy.org/kentucky-proper…
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NEW: Because of the continued erosion in state funding for Kentucky public schools in the new budget, 1 in 3 school districts are providing *no raise* to teachers this year. The median district provided a raise of just 1%, far below inflation of 3.4%
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58 districts provided no raise, up from 40 last year. Similarly, 57 districts provided no raise to classified employees like cafeteria workers and bus drivers.
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The districts providing no raises have much lower local property wealth than the few districts providing a raise of 4% or more. The continued erosion of state funding widens the gap between wealthy and poor schools.
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