REASONABLE KCTCS capital bonds plan sensible way to meet needs

By Editorial, The Paducah Sun
We cast a wary eye whenever Kentucky talks about increasing bonded indebtedness. The commonwealth had debt obligations (including pensions) of about $64 billion at the end of 2012, or almost $14,600 per person. In August 2012 Barron’s, one of the nation’s leading financial publications, ranked Kentucky 47th in the nation in financial health because of the state’s pension deficit and high total debt per capita.

Read the Full Story »