State budget includes record funding for pension system

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 This past week, the Kentucky House of Representatives passed the two-year budget, aimed to set Kentucky on a path for the future, by a vote of 76-15. The $22.5 billion package is a comprehensive, thoughtful plan that includes full, and higher-than-ever funding for the state’s ailing public pension plans, which have widely become known as among the country’s worst funded systems. Simultaneously, the House budget creates historic funding levels for the SEEK formula, which is responsible for allocating funds for local school districts.

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