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Combs' biennial budget, passed by the General Assembly in 1960, used money from the new sales tax to increase school funds by fifty percent and establish the state community college system (now the Kentucky Community and Technical College System). [36]
The "Bush Tax Cuts," which are the popularly known names of the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003 passed during President George W. Bush's first term, reduced the top marginal income tax rate from 38.6% [41] (annual income at $382,967+ adjusted for inflation ...
Register of the Kentucky Historical Society (2012) 110#1, pp. 33–66. excerpt; Baldwin, Yvonne Honeycutt. Cora Wilson Stewart and Kentucky's Moonlight Schools: Fighting for Literacy in America (University Press of Kentucky, 2006) Birdwhistell, Terry L. "Divided We Fall: State College and the Normal School Movement in Kentucky, 1880–1910."
OpEd: HB 563 attempts to skirt the constitution by creating a complicated tax scheme that diverts public money to private schools.
Due to restructuring or closing military bases, as determined by the Base Closure and Realignment Commission, most states have incurred declines in defense spending via salaries. California , with 24 recommendations for closure or realignment, has had the largest decline in defense spending, which attributes to a loss of roughly $50 billion ...
Clay County had the highest poverty level among the 10 poorest counties at 35.9%, the Census Bureau reports, compared to Kentucky’s statewide poverty level of 16.5%. Wolfe County had the lowest ...
The Kentucky Senate has passed a controversial “school choice” bill, setting the stage for Kentucky voters to decide if they want taxpayer dollars to go to private and charter schools.
Tax rates were 3% on income exceeding $600 and less than $10,000, and 5% on income exceeding $10,000. [8] This tax was repealed and replaced by another income tax in the Revenue Act of 1862. [9] After the war when the need for federal revenues decreased, Congress (in the Revenue Act of 1870) let the tax law expire in 1873. [10]