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Unfunded pension system threatens Kentucky's future

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A recent Barron’s report ranked Kentucky’s financial condition 47th nationally because of our massive state debt and unfunded pension liabilities (we’ve promised more than we have money to pay for) in relation to the size of the state’s economy. And the country’s two major bond rating agencies have taken notice and downgraded Kentucky’s bond ratings, which means it is going to cost taxpayers more for public building projects.

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