Kentucky
Why Kentucky’s income tax is going down next year
LOUISVILLE, Ky. — Kentuckians will see a reduce of their state revenue tax subsequent 12 months.
The drop is triggered by laws handed earlier this 12 months.
Underneath Home Invoice 8, sure income benchmarks set off a discount in state revenue tax.
Based on the Division of Income, discount circumstances outlined within the invoice have been met, and Kentucky’s revenue tax charge will go down from 5 p.c to 4.5 p.c for the taxable 12 months starting on Jan. 1, 2023.
Republicans have stated the change will encourage individuals to maneuver to Kentucky.
“Our inhabitants is flat, for probably the most half,” stated Rep. Ken Fleming (R-Louisville). “As a way to enhance the inhabitants, which is able to drive extra revenues, we have to go and take a look at what’s most essential, and that’s your private revenue tax.”
Republicans say their objective is to get rid of revenue tax utterly.
“I believe irrespective of the place you might be on the spectrum of revenue, you’re going to be benefitting,” stated Fleming. “We’re in an inflationary interval… and each penny, each greenback we will save, that we give again into the individuals, to reimburse again the individuals, that’s a very good factor, irrespective of how small or how giant it’s.”
The laws additionally creates new taxes on sure items and companies, reminiscent of electrical autos and ride-sharing companies like Uber.
Rep. Al Gentry (D-Louisville) and different Democrats voted towards the measure.
He stated it shifts the brunt of the tax burden from larger earners to decrease earners.
“The Republican majority management desires to maneuver within the course of all gross sales tax and property tax as a substitute of revenue tax,” stated Gentry. “What that does is it advantages the upper earners and it’s extra of a burden on the lesser earners, if you take a look at the quantity of taxes they should pay as a ratio to the revenue that they make.”
Gov. Andy Beshear vetoed Home Invoice 8, however lawmakers with a Republican supermajority overrode the veto.

Kentucky
The Journey recaps Kentucky's big rivalry win over Louisville

The moment you’ve all been waiting for this week has arrived, Big Blue Nation. With every big-time victory for Kentucky basketball comes The Journey, the UK Sports Video series that takes you behind the scenes in award-winning fashion. Next up is the recap of Kentucky’s latest victory in the rivalry series against Louisville.
You do not want to miss this one.
Smash that play button to catch all of the highlights from Lamont Butler‘s biggest career game as the San Diego State transfer scored 33 points on 10 field goal attempts. The Wildcats posted 1.27 point per possession as the offense rolled over Pat Kelsey‘s first Louisville team. Even a season-high 14 three-point field goals weren’t enough to get the road underdog over the hump.
The Journey is six-plus minutes long and the mini-movie shows you Mark Pope‘s pregame speech to the team and much more. This victory was a sweet one for the Big Blue Nation.
Will we get another Journey video after this weekend’s game against Ohio State at Madison Square Garden for the CBS Sports Classic? Only time will tell.
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Kentucky
Gov. Beshear sits down for end of year interview with LEX 18

FRANKFORT, Ky. (LEX 18) — As 2024 wraps up, Gov. Andy Beshear is highlighting Kentucky’s successes and speaking about the issues that he believes should be addressed in the new year.
In a sit-down interview at the Capitol on Wednesday, the Governor and First Lady Britainy Beshear touted Kentucky’s economic success.
“I certainly think our economy is our high from this year,” said Beshear. “[2024] is going to be our fourth best year ever in terms of private sector investment.”
Beshear said Kentucky saw more than $6.9 billion in new investments and more than 9,400 new full-time jobs.
He said in 2025, the state should keep focus on issues that matter to Kentucky families, like good jobs, good infrastructure like roads, high-quality education and healthcare, and safety.
The Beshears, who are parents to two teenagers, often speak about building a better Kentucky for the younger and future generations. What kind of Kentucky are they envisioning?
“We want every Kentucky child to have opportunity in Kentucky – if this is where they choose to build their adult lives,” said First Lady Britainy Beshear. “I think we’ve come so far. Our economy is on fire. Jobs are added every day. We have amazing colleges and universities.”
“I hope that those things not only remain in place, but also grow and strengthen, so our children have every opportunity here that they can dream of,” she added.
“I hope that we are creating a state that is an economic powerhouse where kids can chase any dream they want and never have to leave, if they don’t want to,” added Governor Beshear. “But also, one where we’re taking care of each other. We’re putting those structures in place to where if you’re having that day that you’re not okay, there’s no stigma in reaching out and saying ‘I need a little bit of help.’”
One thing that Kentucky must get done in 2025 is universal pre-K, according to Beshear.
“I think the biggest need that we have is universal pre-K,” said Beshear. “That’s both the education and childcare piece that then creates a workforce issue. We have a lot of parents of young children who are out of the workforce because childcare costs so much. And for some of them, they don’t qualify for Head Start, but don’t make enough to send their kids to pre-K. So, the result is we have over 50% of Kentucky’s kids who aren’t Kindergarten ready. Some don’t ever catch up so that means we are failing them before they ever start school.”
Republican legislative leaders have indicated that their big priority is to continue with further tax cuts. Beshear said he supports another cut to the personal income tax rate, but he emphasized that the state cannot lose too much revenue.
“I believe in balance,” said Beshear. “The best way that we can provide services and stimulate our economy is the right balance. That means we can lower the personal income tax right now, but if the legislature races to bring it to zero, then, either they are going to raise sales taxes – which will make things cost more and things already cost too much – or they will try to raise property taxes.”
Kentucky
Netflix's SEC Football series featuring Kentucky will come out next summer

You may recall that Kentucky was one of several SEC schools Netflix chose to feature in its new docuseries about SEC football. Film crews were in town throughout the season to document Mark Stoops’ squad, specifically the weeks of the South Carolina and Louisville games. We now have a few more details about the series, including when it will be released.
This morning, Netflix announced the show, which will provide “unfiltered access to coaches and players in college football’s most dominant conference and give an exclusive look at key matchups throughout the season.” The series is produced by Box To Box Films, the same company behind Sprint, Full Swing, Formula 1: Drive to Survive, and Break Point. There will be eight, 45-minute episodes, which will be released in Summer 2025.
According to the official release, the series will “bring viewers everywhere from the field and the locker rooms to the team buses, barbershops, and more.” It is executive produced by James Gay-Rees, Paul Martin, and Hillary Olsen for Box to Box, with showrunner Collin Orcutt.
“This behind-the-scenes docuseries will bring all the drama and pageantry of Southeastern Conference Football to a worldwide Netflix audience,” SEC Commissioner Greg Sankey told Netflix.
As mentioned, we know that crews were in town for the South Carolina and Louisville games. Both losses were embarrassing, the latter serving as salt in the wound of a very disappointing season. We don’t know which other SEC schools were featured, but hopefully, one of them is Ole Miss, which could give us at least one happy moment to look back on if crews were in Oxford for Kentucky’s lone SEC win.
Regardless, we’ll be watching next summer.
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