State Treasurer Jonathan Miller, his political fortunes under a dark cloud because of his continued support for the money-losing KAPT program, has changed his website. He apparently hopes you won't pay much attention to the "fine print."
The site includes a link labeled "Actuarial Report showing the financial soundness of the program." If you click on the link, though, you find something interesting about the actuarial surplus touted by Miller. The surplus doesn't exist without the $13.7 million raided from the General Fund on December 1, 2004 that is currently being contested in Franklin Circuit Court.
Miller embarrassed himself on March 1, 2005 by claiming falsely that the General Assembly "raided" KAPT to build a basketball practice facility for the University of Kentucky.
Miller admitted Sunday on the Kentucky Focus radio program that this statement was false.
