Kentucky Chamber of Commerce

Politics
10:00 am
Fri December 20, 2013

Kentucky's General Fund Expected to Grow 2.5 Percent Over Next 2 Fiscal Years

Credit File photo

A panel of nonpartisan economists reports that Kentucky’s General Fund is expected to grow by just over 2.5 percent over the next two fiscal years.

That'll bring in about half a billion dollars. But in next year's budget, half of that will likely go toward pension payments, inflation on medical care costs and paying down nearly $160 million of a structural budget deficit.

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Politics
12:02 pm
Fri February 1, 2013

In Wake of Financial Downgrade, Kentucky Business Leaders Call for Quick Pension Reform

Credit Kentucky Chamber of Commerce

Another change in Kentucky’s financial outlook has the state’s business leaders calling on the General Assembly for immediate pension reforms.

Standard and Poor’s has changed Kentucky’s outlook to negative, citing the state's large unfunded pension obligations as the main reason.

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Politics
3:30 pm
Fri January 11, 2013

Kentucky Chamber Joins Hemp Supporters

Kentucky Agriculture Commissioner James Comer has landed a high-profile supporter for his efforts to legalize hemp in Kentucky.

The state’s largest business group, the Kentucky Chamber, has come out in support of industrial hemp for oil and fiber, provided there is a sound regulatory process.

Many of the state’s federal lawmakers support the issue as well, including Congressmen Andy Barr, John Yarmuth and Thomas Massie and Senator Rand Paul.

A bill to legalize hemp was filed in the Kentucky Senate Friday by the  agriculture committee chair.

Politics
5:00 pm
Tue July 17, 2012

Kentucky Chamber Supports Right to Work Legislation

The Kentucky Chamber of Commerce is taking a firmer stand on conservative issues.

Republican legislators have criticized the chamber in the past for supporting Democratic-led proposals like expanded gambling and a higher dropout age while staying quiet on so-called right to work and prevailing wage laws.

But in the chamber's latest annual report, right to work and other conservative issues are more prominent.

Such legislation has caused lengthy political battles in other states, recently in Indiana.

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