Kentucky State Surplus Mostly Going Towards Pension System

The state recently announced their 2019 surplus to be around $200 million.

(Frankfort, Ky.) - Kentucky's state budget office says most of the commonwealth's 2019 fiscal year surplus will go to the state's pension system.

Governor Matt Bevin announced last week that the state's surplus is near 200 million dollars, reports the NKY Tribune

The state budge office says $70 million will go to the Teachers Retirement System to help with post retirement health insurance. Another $60 million will be dedicated to Kentucky employees unfunded pension liability fund.

The state also plans to use the 2019 surplus for coal severance tax to coal counties, mineral severance tax to mineral counties and lottery receipts to need-based scholarships.

The state budget office attributed the state's revenue growth in 2019 to statewide economic development efforts and tax reform policies that broadened the tax base and modernized the tax rate structure.

More from Local News


Events

Heavy Police Presence Reported in Ohio County

The subject is believed to have left Ohio County.

Ohio County 911 Receives 2025 Celebration Grant

The grant is administered through the Ohio County Community Foundation.

Giving Tuesday Initiative Supports Bev Henry Emergency Fund

The Bev Henry Fund provides emergency assistance to residents in six SEI counties.

Local Sports Report - December 2, 2025

Report missing stats and scores to news@eaglecountryonline.com

Seven to be Inducted into Ripley County Basketball Hall of Fame

The inductees will be honored January 10 and 11.

Four Student Athletes Earn ORVC Weekly Honors

The ORVC Report for November 24-29.

On Air

Chelsie playing
Toby Keith - X - Rockin Around The Christmas Tree

Tanya Tucker If Your Heart Ain't Busy Tonight 6:04
Fox News Fox News National Newscast 6:02
Keith Urban Wild Hearts 5:59
Lady A Love Don't Live Here 5:55