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Thousands of teachers made their way to Frankfort to demonstrate their displeasure with SB 151. It’s a legislative monster, one that walked into the legislature a sewage bill before ripping it’s skin off to reveal a pension bill with a whole lot of the failed SB 1 packed into it.
The eleventh-hour budget and tax bills passed by the Kentucky General Assembly on Monday creates a 6.25 percent cut in state funding for the University of Louisville, but the passage of additional pension legislation gives short-term budget relief to Louisville Metro Government and JCPS.
Kentucky passed its pension overhaul last night, says U.S. News and World Report. The 291-page bill emerged Thursday afternoon and passed along party lines of the Republican-controlled House and Senate by 10:30 p.m.
The actions of the Kentucky General Assembly on pensions and the two-year state budget in the final days of the 2018 legislative session will have a large impact on the budgets of Louisville Metro Government, JCPS and UofL.