U of L Athletics: Don’t blame us for late Yum Center payments

  by Phillip M. Bailey , @phillipmbailey – The Louisville Arena Authority and the University of Louisville’s athletics department have regularly failed to meet deadlines on their annual payments under the Yum Center’s lease agreement, according to state Auditor Mike Harmon’s long-awaited audit. That was the lone finding in Harmon’s five-month review released Thursday, which says the…

Kentucky’s public pension debt just got billions bigger

by JOHN CHEVES, [email protected] –  FRANKFORT — Kentucky’s public pension debt just got a few billion dollars bigger. On Thursday, the Kentucky Retirement Systems board of trustees approved more pessimistic assumptions about the investment returns for state pension funds and the growth of state government payroll. The board debated but delayed voting on a similarly stark set of assumptions for…