Mt. Vernon Register-News

Community News Network

February 19, 2013

Redistricting, pension fix remain hot topics

FRANKFORT — Tuesday was the final day to file bills in the state House but that doesn’t mean the possibility of a House redistricting plan or using instant racing revenues to fund a pension system fix are dead.

House Speaker Greg Stumbo, D-Prestonsburg, has maintained the Democratic-controlled House should go ahead with its own redistricting plan even if the Republican-controlled Senate wants to wait for next year. The two chambers traditionally agree to pass the other’s plans.

While the Senate passed a bill to reform the state employee pension system, that bill provides no funding or a source of funding to comply with a key recommendation of a pension task force that came up with the elements of the bill passed by the Senate.

Stumbo has said all along the bill should provide a dedicated funding source and he’s mentioned both instant racing proceeds and proceeds from an increase in the cigarette tax.

On Tuesday the Speaker said two “vehicle” bills – essentially blank bills which can later be amended – would be filed, one of which could later be amended to carry both a pension fix funding mechanism and another which could subsequently be amended to carry a redistricting plan.

Last Friday, Sen. Johnny Ray Turner, D-Prestonsburg, filed a bill in the Senate to allow instant racing or historical racing, a form of pari-mutuel betting on races which have already occurred but the results of which aren’t known to the better.

A Franklin Circuit Court ruled instant racing constitutional, but the Family Foundation appealed and the matter is now before the Kentucky Supreme Court. Turner’s bill would render the court case moot.

Stumbo suggested the state take from those games could pay for the annually required contribution to the pension system, estimated at $327 million next year. The Republican Senate president, Robert Stivers, R-Manchester, has said projected revenue growths are enough to fund the pension fix.

But Gov. Steve Beshear says the projected revenue growth will be eaten up replacing one-time money in the current budget and natural growth in Medicaid and other programs.

Beshear said Tuesday he’s always supported the idea of instant racing but thinks the revenue will be insufficient to provide significant general fund revenues that casino gambling would create. But he said he sees no likelihood of casino gambling passing this year.

He agrees with Stumbo that some funding source must be found if lawmakers approve the other measures in the Senate bill.

“The one thing I’m not going to do is to arrive next January, when we have a budget session and many of the legislature look at me and say, ‘Well, if you need a $100 million to put in the pensions plan, go find it someplace,’” Beshear said.

“We’ve already found all that money,” the governor continued. “We’ve balanced our budget for five years; we’ve cut $1.6 billion out of our budget over the past five years. There aren’t any more big pots of money.”

 

1
Text Only
Community News Network
  • Low blood-sugar levels make for grousing spouses

    Husbands and wives reported being most unhappy with their spouses when their blood-sugar levels were lowest, usually at night, according to research released this week in the Proceedings of the National Academy of Sciences. Missing a meal, dieting or just being hungry may be the reason, researchers said.

    April 16, 2014

  • Screen Shot 2014-04-16 at 12.51.22 PM.png VIDEO: Toddler climbs into vending machine

    A child is safe after climbing into and getting stuck inside a claw crane machine at a Lincoln, Neb., bowling alley Monday.

    April 16, 2014 1 Photo

  • portraitoflotte.jpg VIDEO: From infant to teen in four minutes

    Dutch filmmaker Frans Hofmeester’s time lapse video of his daughter, Lotte — created by filming her every week from her birth until she turned 14 — has become a viral sensation.

    April 16, 2014 1 Photo

  • Victimized by the 'marriage penalty'

    In a few short months, I'll pass the milestone that every little girl dreams of: the day she swears - before family and God, in sickness and in health, all in the name of love - that she's willing to pay a much higher tax rate.

    April 15, 2014

  • treadmill-very-fast.jpg Tax deduction for a gym membership?

    April marks another tax season when millions of Americans will deduct expenses related to home ownership, children and education from their annual tax bill. These deductions exist because of their perceived value to society; they encourage behaviors that keep the wheels of the economy turning. So why shouldn't the tax code be revised to reward preventive health?

    April 15, 2014 1 Photo

  • Google acquires drone maker Titan Aerospace to spread Internet

    Google is adding drones to its fleets of robots and driverless cars.
    The Internet search company said it acquired Titan Aerospace, the maker of high-altitude, solar-powered satellites that provides customer access to data services around the world. Terms of the deal weren't disclosed.

    April 14, 2014

  • E-Cigarettes target youth with festivals, lawmakers say

    The findings, in a survey released Monday by members of Congress, should prod U.S. regulators to curb the industry, the lawmakers said. While e-cigarettes currently are unregulated, the Food and Drug Administration is working on a plan that would extend its tobacco oversight to the products.

    April 14, 2014

  • Why Facebook is getting into the banking game

    Who would want to use Facebook as a bank? That's the question that immediately arises from news that the social network intends to get into the electronic money business.

    April 14, 2014

  • Stepping forward: The real Colbert

    Letterman changed the late-night TV game between his run on NBC's "Late Night" and starting the "Late Show" franchise in 1993. And while it's tough to replace a pop-culture icon, Colbert, in terms of pedigree and sense of humor, makes the most sense.

    April 11, 2014

  • Teens trading naked selfies for mugshots

    Will teenagers ever learn? You think yours will. Maybe so. But it's likely that was also the hope of the parents of children who were so shamed by nude photos of themselves that went south - how else can they go - that they killed themselves.

    April 10, 2014

Twitter Updates
Facebook
Stocks