GOP treasurer candidate Allison Ball says office should be used as financial watchdog
05/16/2015 12:30 PM
The three-way race to become the Republican nominee for state treasurer is largely a geographic contest with each of the candidates representing a portion of the state.
Prestonsburg bankruptcy attorney Allison Ball faces western Kentucky state Rep. Kenny Imes of Paducah and former Fayette County Judge-Executive Jon Larson in the primary Tuesday.
Ball, who was the first entrant in the race, says she was influenced by her work in bankruptcy to make sure Kentuckians find a “sound financial footing.”
“Whoever holds that office should be someone who keeps and eye on the spending,” Ball said. “As somebody who really believes in fiscal responsibility and conservative economic principles that’s something I get excited about.”
As treasurer, Ball said an area of focus should be the Kentucky Teachers’ Retirement System. In June, the funding ratio will only get worse for KTRS as new federal accounting standards push the debt to $21 billion and below a 50 percent funded threshold.
The state treasurer sits on the KTRS board, and Ball said the state needs someone on the board who’s “thinking long-term.”
Ball said bonding the underfunded pension system, as proposed in this year’s session with a multi-billion-dollar bond is not the way the state should tackle the problem.
Calling the problem facing KTRS complicated, Ball said she agrees there should be an independent review of the system.
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