KY Has Mounting Debt

Kentucky is more than $54 billion in debt, with estimated unfunded retirement benefits accounting for more than 80 percent of that figure.Republican Auditor Mike Harmon issued a report on Tuesday detailing the various sources of Kentucky’s debt. Pension liabilities were the largest, accounting for $43.3 billion. That’s the total number of pension and health insurance benefits Kentucky owes over the next three decades but does not have the money to pay. Harmon says the total debt is more than $12,000 for every person in Kentucky.

Source: MG News

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