Monthly Archives - January 2018

legislative-update-2018

Week Four – Regular Session (2018)

Deadline Approaches Tuesday is the deadline for legislative candidates to file to run for the House and Senate. This is important for several reasons. Legislation that is considered to be controversial is often not considered before legislators know whether they will have an opponent in the upcoming election. This is likely one reason that the General Assembly has not yet introduced a pension reform bill. You can expect that many more bills –substantive bills–will be introduced as the candidate filing [...]

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Brown-Forman declares stock split, special dividend — and it’s starting a foundation

Brown-Forman Corp.’s board of directors has approved big-ticket moves to benefit its shareholders, employees and the community. The Louisville-based spirits company declared a five-for-four stock split and a $1 special dividend. Brown-Forman (NYSE: BFB) also will fully fund its current pension liability of $120 million. And it will pursue the creation of a foundation with a contribution of $60 million to $70 million. The company said in a news release that it expects proceeds from the foundation will provide a consistent amount [...]

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Court Sides with Bevin Administration on Right-to-Work

The Franklin Circuit Court has dismissed a lawsuit brought by labor unions challenging the Commonwealth’s historic new right-to-work law. House Bill 1, passed by the 2017 General Assembly and signed into law by Gov. Matt Bevin, made Kentucky the 27th state to extend right-to-work guarantees to all its workers. The Court’s decision rejected the labor unions’ arguments and concluded that the General Assembly acted both reasonably and rationally in determining that House Bill 1 would bring increased jobs and investment to [...]

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Novelis to Create 125 Jobs with New Aluminum Plant in Todd County

Aluminum supplier Novelis Inc. will create 125 full-time jobs with a nearly $305 million investment as it locates a new processing plant in Guthrie to produce automotive-grade sheet, Gov. Matt Bevin announced today. “We are excited to see Novelis, a leader in the global aluminum industry, expand its Kentucky presence and bring new advanced-manufacturing jobs to Todd County,” said Gov. Bevin. “Partnering with companies like Novelis who are investing here for the long term, supports the state’s economy and advances [...]

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legislative-update-2018

Week Three – Regular Session (2018)

Governor Bevin gave the State of the Commonwealth and Budget Address last week, while also unveiling his proposed budget bill and road plan. After somewhat of a slow start to the 2018 session, the House now has in its possession the Budget and Road Plan and we expect those issues to dominate activity through the remainder of the session. Budget Highlights The Governor stressed funding of public safety, infrastructure, and education as the essential role of government. Here are the highlights [...]

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legislative-update-2018

Week Two – Regular Session (2018)

The second week of the 2018 legislative session came to a close a day early last week when the legislature canceled session on Friday due to weather concerns. Last week we saw members begin to settle in and get down to business. Several legislative committees met and at week’s end, the Senate had passed four bills off the floor. Speaker Hoover Resigns There was some political news last week as Rep. Jeff Hoover officially offered his resignation as Speaker of the [...]

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legislative-update-2018

Five Things You Need to Know – Regular Session (2018)

Session Is In – The General Assembly convened for the 2018 legislative session on Tuesday of last week. This is considered a “long” or sixty-day session where legislators will be faced with passing a two-year state budget and Road Fund. Hoover Is Still Speaker – Last week brought some unexpected activity in the House as Speaker Jeff Hoover announced that he has chosen not to resign as Speaker of the House, although will step aside while investigations into sexual harassment [...]

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First female president of Kentucky Toyota plant hopes to be example for women, bring new vehicle…

Susan Elkington recalls being “scared to death” when she became a production manager at Toyota’s Princeton, Ind. plant while still in her early 30s, overseeing 110 line workers on the night shift. An introvert who grew up on a farm in Huntingburg, Ind. (population 6,057), Elkington drew on the planning skills she learned as a mechanical engineer. She made a schedule of workers to get to know each night, and within three months, she had learned every employee’s first name and [...]

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