Kentucky

Kentucky

  • Kentucky is a Sinkhole State and has the 6th worst per Taxpayer Burden
  • Kentucky has only $12 billion to pay the state's bills totaling $44 billion
  • To fill its $32 billion financial hole, each taxpayer would have to send $26,500 to the state
  • The Kentucky financial statements clearly report $6 billion of retirement liabilities, but in reality the state has nearly $29 billion of unfunded retirement promises
  • The Kentucky Taxpayer Burden is 73% of an average citizen's personal income of $36,239
  • Outbound moves from Kentucky were 56%, the 7th highest of all the states, which usually means more people are moving out of the state
For a comprehensive look into the state's financial position, read the Kentucky Financial State of the State

Link to KY CAFR:    Kentucky Comprehensive Annual Financial Report

Publishing Entity:  Kentucky Finance and Administration Cabinet

Truth in Accounting’s methodology is unique, analyzing all state assets and liabilities, including unreported pension and retirement health liabilities. 

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