Daily Independent (Ashland, KY)

Local News

March 25, 2013

No pension fix late into night

FRANKFORT — As the final minutes of the 2013 General Assembly ticked away, Gov. Steve Beshear and House Speaker Greg Stumbo, D-Prestonsburg, worked feverishly to come up with a compromise on a pension fix that House Democrats could support.

Originally, Beshear proposed one which would have capped an automatic increase in the sales tax in the next budget cycle two cents below its scheduled rise and then recover that money in the General Fund by closing a standard $125 deduction in personal income taxes, eliminating a $20 personal credit and making some other technical changes to tax laws.

In all, the series of changes would have produced about $110 million in Fiscal Year 2014 and about $114 million in FY 2015.

The plan would have also retained the hybrid, cash balance plan for new employees that the Republican Senate passed but that the Democratic House at first refused to accept.

But the alternative plan, based on the gas tax, wouldn’t fly with the House Democrats and was harshly criticized by the Kentucky Education Association and Public Employee Pension Coalition. Representatives of both said they could not accept the hybrid, cash balance plan for new employees and both groups said they were locked out of negotiations on Beshear’s proposal.

And they let their state representatives in the House know about it.

Beshear met with the Democratic caucus Monday afternoon for just over two hours, trying to sell them the plan, but he didn’t seem hopeful when he emerged.

“We’re talking with the House and the Senate about a possible proposal to resolve the pension crisis and at the same time provide some funding for it,” Beshear said in the hallway after exiting the closed-door meeting with House Democrats.

“There are still some moving parts but I still have hope that before tomorrow at midnight we’ll be able to come to some sort of conclusion,” Beshear said.

Text Only
Local News
  • News in brief, 07/24/14

    A Fleming County man was arrested on sex charges Tuesday by the Kentucky State Police.

    July 23, 2014

  • Boyd/Geenup backpack program turns 10

    For 10 years, the Ashland Alliance Young Professionals Association has been helping children start their school year off right.

    July 23, 2014

  • Area water plants recognized

    Water treatment plants across the state were recognized for consistently producing drinking water in 2013 that exceeded state and federal water quality standards, including the Rattlesnake Ridge Water District in Olive Hill and six others.

    July 23, 2014

  • City gives wastewater treatment plant operations to Greenup agency

    During joint special meetings of the Greenup Joint Sewer Agency and the Wurtland city commission on Tuesday, Wurtland agreed to hand over operations of its wastewater treatment plant to the agency.
    Pending the signing and approval of certain legal documents, plant operations will officially be under the GJSA on Aug. 1.

    July 23, 2014

  • Edelen studies fiscal health of rural hospitals

    On the fourth stop of his listening tour to address the fiscal health of rural hospitals, Adam Edelen said the crowd in Morehead was the largest he has seen yet.
    The big attendance attests to how seriously the region regards the issue of sustainability of local hospitals, he said.

    July 23, 2014

  • Putnam renovations ‘coming together’ as football season approaches

    Locker rooms are beginning to take shape at Putnam Stadium as rebuilding of the venerable arena nears completion.
    Workers are readying concrete forms on the home side and grading the site on the visitors’ side and soon will erect the structures, the goal to have them ready to use for the first home game of the 2014 season Aug. 22.

    July 23, 2014

  • Huntington man wanted for armed robbery

    The Ashland Police Department is searching for an 18-year-old Huntington man who was involved in an armed robbery last month.

    July 23, 2014

  • Detroit man arrested near Fairview

    A Detroit man was arrested Wednesday after an undercover drug buy near Fairview High School, the Boyd County Sheriff's Department reported.

    July 23, 2014

  • 0724putnamwebshot.JPG Laying the foundation Workers are finishing the foundation for the locker room on the home side of Putnam Stadium on Tuesday. The Ashland Tomcats open the football season on Aug. 22 against Newport Catholic.

    July 23, 2014

  • Construction at Kentucky football stadium to go on

    The $110 million construction project at the University of Kentucky’s Commonwealth Stadium will continue through the upcoming football season with the goal of finishing renovations before the 2015 kickoff.

    July 23, 2014

Featured Ads
Seasonal Content
AP Video
Ariz. Inmate Dies 2 Hours After Execution Began Crash Kills Teen Pilot Seeking World Record LeBron James Sends Apology Treat to Neighbors Raw: Funeral for Man Who Died in NYPD Custody Migrants Back in Honduras After US Deports Israeli American Reservist Torn Over Return Raw: ISS Cargo Ship Launches in Kazakhstan Six Indicted in StubHub Hacking Scheme Former NTSB Official: FAA Ban 'prudent' EPA Gets Hip With Kardashian Tweet Bodies of MH17 Victims Arrive in the Netherlands Biden Decries Voting Restrictions in NAACP Talk Broncos Owner Steps Down Due to Alzheimer's US, UN Push Shuttle Diplomacy in Mideast Trump: DC Hotel Will Be Among World's Best Plane Crashes in Taiwan, Dozens Feared Dead Republicans Hold a Hearing on IRS Lost Emails Raw: Mourners Gather As MH17 Bodies Transported Robot Parking Valet Creates Stress-free Travel Raw: Fight Breaks Out in Ukraine Parliament
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
AP basketball
SEC Zone