Democratic Gov. Andy Beshear signed a bill into law Thursday that will reduce Kentucky's individual income tax, expressing confidence that economic growth will offset the loss in revenue. The measure,

Democratic Gov. Andy Beshear has signed a Republican-backed measure to further reduce Kentucky’s income tax. The state's personal income tax will be lowered from 4% to 3.5% percent on Jan. 1, 2026.

Lowering the income tax rate has been a priority for Republican lawmakers in recent years. Gov. Andy Beshear signed the bill Thursday.

While income often takes center stage during your working years, it's your accumulated wealth that ultimately defines your economic status once the paychecks stop rolling in. Recent data sheds light on where retirees fall on the financial spectrum,

Democratic Kentucky Gov. Andy Beshear signs another GOP-enacted income tax cut, saying“things cost too much for our families” despite a “booming economy.”

"This has been supported by Republicans. It's been supported by Democrats. In the end, I support it because it's going to help you," the governor said before putting pen to paper.

House Bill 1, which cuts the state's individual income tax from 4% to 3.5%, passed the Senate chamber by a 34-3 vote Tuesday, the first day lawmakers returned to Frankfort after a three-week hiatus. It'll go into effect Jan.