Saturday, September 11, 2010
State Funds Increase..But, Not Enough
KENTUCKY...General fund receipts have grown 3.9 percent so far this year in Kentucky, a positive economic indicator but slower than economists had predicted.
State Budget Director Mary Lassiter said Kentucky's general fund took in nearly $642 million in August. That was up from $622 million in August 2009.
Road fund receipts also grew in August, taking in more than $127 million, a 9.5 percent increase over August 2009.
Lassiter warned that if collections don't accelerate, the state could face more financial problems.
Individual income tax receipts were up 4.2 percent and sales taxes 4.8 percent for the year. But corporate income tax receipts fell 36 percent and property tax receipts 15 percent.
# posted by Homer Owens @ 5:11 PM 
