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News and Notes for Wednesday

Headlines and excerpts from across the political landscape

2 min read

Kentucky gets $315 million in big national settlement with pharmaceutical companies over opioid crisis

Attorney General Daniel Cameron announced that Kentucky will participate in a $17.3 billion national settlement with pharmaceutical companies Teva and Allergan, as well as pharmacies CVS and Walgreens, for their roles in the opioid crisis. As part of the agreement, Kentucky will receive more than $317 million over 15 years. (NKyTribune)

As ethics trial looms, Louisville council member wants case dismissed

Louisville Metro Council Member Anthony Piagentini wants the city’s ethics commission to dismiss the complaint against him and end their investigation before the findings are presented at a hearing set for early next month. (Louisville Public Media)

KCEP: Drop in income tax receipts is a glimpse of future trouble

Five months into Kentucky’s experiment in reducing the individual income tax rate, the verdict is unsurprising. Cutting the rate is causing income tax receipts to fall despite low unemployment and still-high inflation that are pushing incomes up.

It’s the first glimpse of how continued cuts to the state’s largest revenue source – which previously paid for over 40% of the state budget — will increasingly hamper Kentucky’s ability to pay for vital public services even while providing tax breaks skewed to the wealthy. (Kentucky Center for Economic Policy)

Gov. Beshear “taking a look” at attending Fancy Farm

Gov. Andy Beshear is still on the fence about appearing at Fancy Farm, a nearly 150-year-old West Kentucky tradition in state politics. Beshear has not attended the event as governor; his last appearance at Fancy Farm came in 2019, when Beshear was seeking the role of governor. (Kentucky Fried Politics)

Democratic Association of Secretaries of State endorses Buddy Wheatley

Former Northern Kentucky statehouse Rep. Buddy Wheatley received an endorsement from the Democratic Association of Secretaries of State, according to an announcement from the organization.  “Buddy Wheatley is the independent leader that Kentucky deserves – a fourth-generation firefighter and retired fire chief. Buddy knows what it means to serve,” said Executive Director Travis Brimm. (LINK nky)

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