Allison Ball | Kentuckians For The Commonwealth

Allison Ball

Political party: 
Question 1: 

What is your vision for the role of the Kentucky Treasurer? How will our commonwealth be better in four years if you are elected?

The Kentucky State Treasurer is tasked with being a watchdog to make sure that state funds are spent in accordance with the laws and Constitution of our Commonwealth.  In addition, the Treasurer should be maximizing returns of unclaimed property to Kentucky families. If reelected, I will continue the record-setting levels of returns that my office achieved over the past three years.

The Treasurer is in a unique position to advocate for financial literacy and empowerment for all Kentuckians. Too many of our fellow Kentuckians are living paycheck to paycheck, sometimes due to becoming trapped in debt. If I am reelected, I will continue my efforts to expand financial literacy and empowerment programs for K-12 students, as well as vulnerable communities that are underserved in the area of financial empowerment, such as Kentuckians with disabilities, those below the poverty line, or who are of retirement age.

During my first term, I helped create the STABLE Kentucky program, which helps Kentuckians with disabilities save and invest funds for education, transportation, housing and medical expenses, without losing access to government benefits. I will continue to promote these accounts, and the vital role they play in helping people achieve financial independence and stability.

Question 2: 

Please highlight previous experience that you feel qualify you for serving in this office.

I have spent the last three years serving as your State Treasurer.  During that time, I have promoted legislation such as STABLE Kentucky, the Revised Uniform Unclaimed Property Act, and the Kentucky Financial Empowerment Commission, which have received broad bipartisan support.  This legislation is aimed at improving the way in which the Treasury serves Kentuckians, and in raising the quality of life for Kentuckians with disabilities.

Prior to becoming State Treasurer, I worked in Eastern Kentucky as an Assistant County Attorney and in private practice as a bankruptcy attorney, where I represented families and individuals who were in deep financial distress.  My work in these areas gave me a great deal of exposure to the difficulties facing so many people around our entire state, and I’ve tried to bring that experience to my work in Frankfort.

Question 3: 

More than 250 tax expenditures are draining Kentucky's General Fund. Kentucky loses more revenue from these expenditures than we generate for our state budget. As treasurer, what reforms would you support to enhance our state tax system?

The State Treasurer is a separate constitutional office from both the Governor and the General Assembly, and due to separation of powers concerns, has a very limited role in the crafting of tax legislation.

However, as Treasurer, I have been vocally supportive of attempts to make contributions to STABLE accounts tax deductible.  Our tax system should work to promote savings for those who need it most and to assist more Kentuckians in becoming financially independent.