Rare budget changes could impact pensions, cancer research

Legislative leaders want to make changes to the state’s $9.6 billion budget to plug a hole in the state’s struggling retirement fund for public school teachers and build a cancer research facility at the University of Kentucky.
    
Democratic House Speaker Greg Stumbo filed a bill on Friday that would borrow up to $3.3 billion to help the Kentucky Teachers Retirement System make its monthly $144 million benefit payments. And Republican Senate President Robert Stivers wants to give the University of Kentucky up to $150 million to build a research building for its Markey Cancer Center in a state that has one of the highest cancer rates in the country.
    
Each proposal would require a 60 percent vote to pass.

Related Articles

Local teachers worry as future of state pension system looms Wednesday, Kentucky GOP leaders are will announce their solution to the state’s pension crisis.
Wi-Fi security flaw gives hackers access to your device In a first-of-its-kind warning, some cyber-security experts are urging people to stay off Wi-Fi networks, even the one in your home and at work.
U.S. Rep. Comer town hall: North Korea, hemp, health care among issues discussed At his 32nd town hall Tuesday, U.S. Rep. James Comer opened with health care, tax reform, and tensions with North Korea.
Fundraiser to help Rep. Richard Health’s granddaughter injured in crash You can help the granddaughter of a local lawmaker who survived serious injuries from a car wreck in Graves County.