KAIA Legislative Update – January 17, 2018

For the first time in history, Republican governor Matt Bevin presented his version of the biennial budget to both a Republican-controlled House and Senate this evening. Taking the position that government’s functions should be limited to protection of citizens, infrastructure and education, the Governor outlined his priorities for “getting Kentucky’s financial house in order.” 

Highlights of the Address 
1. The Budget fully funds pensions costs for state employees and the Teachers’ Retirement System’s funding request with a combined total of about $3.3B over the biennium. SEEK allocation funds are being maintained at $3,981 per pupil, but the Budget shifts responsibility for employee health insurance to local districts, who are also being asked to reduce administrative costs and use their reserve funds. 

2. The Budget continues the investment in workforce development with another $100M bond pool for projects with local matching funds and private investment. 

3. The Governor’s focus on public protection was evident in budget proposals that: 

4. The Budget’s sizeable pension funding required cuts that including the elimination of 70 programs and 6.25% across the board cuts in state government, excepting items such as SEEK. 

5. The Governor noted the recently approved 1115 Medicaid waiver as a reform that will enable cost management in the future. 

6. The Governor announced a policy of managing the criminal justice system with the aim of needing to build no more prisons in the state. 

7. Tax modernization was made a priority for 2018, though the likelihood of a special session remains unclear. 

8. The Budget allocates $250M to the state Rainy Day Fund which has a current zero balance, about half of what is recommended by best practices. 

SAVE THE DATE FOR KAIA’S LEGISLATIVE RECEPTION!
KAIA will host a legislative reception on Tuesday, February 13, 2018, from 6:00-8:00 PM in the Single Oak Room at the Buffalo Trace Distillery in Frankfort. Mark your calendars and plan to attend to meet key movers and shakers in the General Assembly, and network with other Automotive Industry members!

A Special Invitation for KAIA Members
Want to learn about the key issues and have an opportunity to get your questions answered and your voice heard? Our friends at the Kentucky Association of Manufacturers (KAM) have graciously extended an invitation to all KAIA members to join their weekly conference calls! Key information is included below. Join in and be a part of the conversation every Thursday at 4:00 PM EST!

Here is the call-in information for Thursday’s KAM Conversations, scheduled for 4:00 PM EST:

As always, if you have questions and/or need additional information, please do not hesitate to contact us!


Dave Tatman

Latest Events
  • IoT Experience for Metalformers and Fabricators
    2.28.18

    Learn how colleagues are implementing IoT through case studies The coming wave of digital manufacturing and plant-floor connectivity is here for […]

    View Photo Gallery
  • AutoVision 2017
    9.11.17

    The inaugural AutoVision Conference, an initiative of KAIA, was another success in 2017! Geared to showcase the future of the […]

    View Photo Gallery
  • SPARK: Connecting Kentucky’s Automotive Industry
    5.25.16

    The inaugural SPARK Conference was held Monday in Louisville with nearly 150 in attendance. The event drew attendees from 10 […]

    View Photo Gallery
  • Automotive Caucus Announcement
    2.3.16

     

    View Photo Gallery
  • AutoVision Conference
    9.28.15

    The inaugural AutoVision Conference, an initiative of KAIA, was created to showcase the future of the automotive industry from a […]

    View Photo Gallery
  • Regional Forums
    6.25.15

    KAIA hosted six regional forums across Kentucky where attendees heard from UofL researchers as well as from local manufacturers on […]

    View Photo Gallery
Latest News
  • 1.17.18
    KAIA Legislative Update – January 17, 2018

    For the first time in history, Republican governor Matt Bevin presented his version of the biennial budget to both a […]

    Read Full Article
  • 1.4.18
    KAIA Legislative Update

    The Kentucky General Assembly returned this week for the 2018 Legislative Session. This Session is a 60-day session with the constitutional […]

    Read Full Article
  • 7.11.17
    AutoVision 2017 conference to provide high-octane insight, networking

    August event offers more matchmaking opportunities than ever in its third year FRANKFORT, Ky. (July 11, 2017) – With the […]

    Read Full Article
  • 1.13.17
    Right-To-Work

    Members of the Kentucky Automotive Industry Association, I write to make you aware the Kentucky General Assembly passed and Gov. […]

    Read Full Article
  • 12.5.16
    Industry Update

    December 5, 2016   Dear automotive industry leaders:   I wanted to make certain you are aware of a recent, […]

    Read Full Article
  • 9.7.16
    AutoVision Conference Nearly Sold Out

    Ticket sales outpacing last year; more than 250 expected in Lexington LOUISVILLE, KY (September 6, 201) – The Kentucky Automotive […]

    Read Full Article
Founding Partners
Cabinet For Economic Development Sumitomo Electric Wiring Systems Toyota General Motors Ford INOAC Metalsa Mubea Akebono Bosch Hitachi AGC