Friday, June 11, 2010
General Revenue Funds Rise
KENTUCKY....
Although General fund revenue was down 3.1 percent through the first 11 months of the current fiscal year, state General Fund revenue rose by 3.1 percent in May compared to May 2009, making May the third month of the last 17 in which General Fund revenue grew. May revenue to the General Fund totaled $636.7 million, compared to $617.4 million in May of 2009. The state budget assumes revenues will fall 2.7 percent for this fiscal year, meaning that June revenue must grow or the state will suffer another shortfall. Sales tax receipts were up 1.1 percent compared to May 2009; income tax receipts were up 2.4 percent.
Although General fund revenue was down 3.1 percent through the first 11 months of the current fiscal year, state General Fund revenue rose by 3.1 percent in May compared to May 2009, making May the third month of the last 17 in which General Fund revenue grew. May revenue to the General Fund totaled $636.7 million, compared to $617.4 million in May of 2009. The state budget assumes revenues will fall 2.7 percent for this fiscal year, meaning that June revenue must grow or the state will suffer another shortfall. Sales tax receipts were up 1.1 percent compared to May 2009; income tax receipts were up 2.4 percent.
# posted by Homer Owens @ 12:53 PM 
