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Kentucky earns another failing grade in Truth in Accounting report

OCTOBER 1, 2021 | by Steve Bittenbender | MESSENGER-INQUIRER

By Steve Bittenbender (The Center Square), includes “… ‘The majority of states were financially unprepared for any crisis,’ Sheila Weinberg, founder and CEO of Truth in Accounting, said in a statement. ‘When states can’t pay their bills, taxpayers are on the hook.’ The state did receive billions in funding from federal COVID relief bills, such as the CARES Act and the American Rescue Plan Act, to cover many of the shortfalls. However, the primary problems stem from not having enough money to cover its obligations to retirees.”

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