Pension Fix http://wuky.org en Tax On Lottery Sales Considered As Ky. Pension Fix http://wuky.org/post/tax-lottery-sales-considered-ky-pension-fix <p class="ap-story-p"><span class="entry-content">FRANKFORT, Ky. -- Lawmakers are looking to the lottery for a source of revenue to shore up Kentucky's financially troubled pension system for government retirees.</span></p><p></p><p class="ap-story-p"><span class="entry-content">Rep. Brent Yonts, chairman of the House State Government Committee that oversees pensions, said Friday the latest proposal would institute a 6 percent sales tax on lottery ticket sales and implement new games, which could include Keno.</span></p> Fri, 22 Feb 2013 17:40:00 +0000 Associated Press 27704 at http://wuky.org Tax On Lottery Sales Considered As Ky. Pension Fix Cigarette Tax Eyed As A Way To Rescue Pension System http://wuky.org/post/cigarette-tax-eyed-way-rescue-pension-system <p class="ap-story-p"><span class="entry-content">FRANKFORT, Ky. -- A leading lawmaker says raising the cigarette tax to $1 a pack would generate about $100 million a year that could be used to shore up the pension system for government retirees.</span></p><p></p><p class="ap-story-p"><span class="entry-content">House Speaker Greg Stumbo told reporters Tuesday that that's one of several options House lawmakers are considering to bolster the pension system, which has a $33 billion unfunded liability.</span></p> Wed, 13 Feb 2013 00:24:25 +0000 Associated Press 27254 at http://wuky.org Cigarette Tax Eyed As A Way To Rescue Pension System