Tipton says tax reform ‘critical’ to solving state pension woes

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Rep. says budget director’s call for additional $700M will be a ‘tremendous challenge’


On the heels of news that another $700 million is needed annually to help solve the state’s pension crisis, Rep. James Tipton (R-Taylorsville) said last week that he remains committed to honoring promises to retirees but knows doing so will be painful.

State budget director John Chilton made the announcement last week, saying $700 million is needed each year on top of the $1.5 billion Gov. Bevin asked for and received in the 2016 state budget to tackle the state’s $40 billion retirement deficit.

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