Monday, January 10, 2011
Kentucky's General Fund Revenue Up
KENTUCKY....
Kentucky's general fund revenue has increased 5.4 percent since July, reflecting an improving state economy. State Budget Director Mary Lassiter said Monday revenues from the state's sales tax and income tax rose substantially, as did property tax collections, while revenues from the state's cigarette tax and coal severance tax declined. Road fund receipts, generated primarily by fuel taxes, rose by 12.3 percent since July. Lassiter attributed the revenue growth to stronger holiday spending in December.
Kentucky's general fund revenue has increased 5.4 percent since July, reflecting an improving state economy. State Budget Director Mary Lassiter said Monday revenues from the state's sales tax and income tax rose substantially, as did property tax collections, while revenues from the state's cigarette tax and coal severance tax declined. Road fund receipts, generated primarily by fuel taxes, rose by 12.3 percent since July. Lassiter attributed the revenue growth to stronger holiday spending in December.
# posted by Homer Owens @ 10:55 PM 
