From Gov. Matt Bevin announcing vetoes of the budget and tax bills to Kentucky’s 144 ‘Opportunity Zones,’ here are Insider’s top stories this week.

UPDATED: Bevin vetoes entire budget and tax bills of General Assembly

Gov. Matt Bevin announced at a news conference Monday morning that he would veto the entire two-year budget and revenue bills passed by the Kentucky General Assembly last week, arguing that they were fiscally irresponsible and merely “kicking the can down the road,” reported Joe Sonka. Read more about how Bevin could have chosen to institute line-item vetoes of certain sections of each bill, but instead chose to veto both in their entirety.

Bar Belle: A night on the edge (of the Highlands)

My crew and I blew through Belknap, Strathmoor Village and Kingsley — and just to be safe, I better mention Bowman and Gardiner Lane, wrote Sara Havens, aka, Bar Belle. Read more about how the four little taverns they visited have been around decades, and while the night life landscape ebbs and flows with trendy new bars, these establishments have remained the same, offering cold drinks to thirsty patrons year after year, generation after generation.

Look inside: Couvillion prepares for mid-April open

For Paul Skulas’s second restaurant Couvillion, he’s drawing on his past experience cooking for well-known Southern chef John Currence in Mississippi and on his love of cuisine from the Deep South, particularly New Orleans, wrote Caitlin Bowling. Read more about how Couvillion, at 1318 McHenry St., is expected to open on Monday, April 16, what’s changed since Finn’s Southern Kitchen left. Finn’s closed suddenly in January after its lease wasn’t renewed.

Bevin vetoes bill that would phase in pension costs for local governments, allow KRS buyouts

Gov. Matt Bevin issued a veto on Thursday for House Bill 362, which would allow local governments and school boards to phase in increased employer pension costs over a 10-year period, in addition to the option of letting employers withdraw from the Kentucky Retirement Systems (KRS) with a buyout, reported Joe Sonka. Read more about what Bevin said in his veto message.

Kentucky’s 144 ‘Opportunity Zones’ certified by U.S. Treasury
The 144 census tracts in blue were certified as Opportunity Zones by the U.S. Treasury on Monday | Photo via Kentucky Cabinet for Economic Development

The U.S. Department of Treasury and Internal Revenue Service have certified the 144 census tracts in Kentucky that were submitted by Gov. Matt Bevin’s administration to be “Opportunity Zones” — low-income areas where major investors would be incentivized by significantly reduced and deferred capital gains taxes, reported Joe Sonka. Read more about how the 144 census tracts certified in Kentucky are located in 84 counties throughout all regions of the state, and the new Kentucky Opportunity Zone Initiative will be overseen by the Kentucky Cabinet for Economic Development, according to a news release from Bevin’s office.



Comment

Facebook Comment
Post a comment on Facebook.