Tagged: Budget

Tennessee Governor Bill Haslam is starting the annual state budget hearings for the next fiscal year this week in Nashville.

Kentucky’s General Fund receipts increased by more than 5 percent in September, thanks in part to a big increase in corporate income tax revenue. Those receipts increased by more than 26 percent. Lottery and individual income tax receipts also rose by more than 8 percent. State Budget Director Mary Lassiter says those increases helped offset losses in property, cigarette, and coal severance tax revenues. She says the coal revenue fell about 19 percent due to a downturn in the state’s mining industry.

State budget officials say they are paying close attention to revenue as the state budget sees a flat growth at the start of the fiscal year.

Budget director Mary Lassiter says in her monthly briefing that August revenues ticked up, helping make up 2 percent of losses in July. But that leaves revenues flat, while forecasters had expected an almost 3 percent growth this year.

Lassiter says while warning alarms aren'’t going off yet, steady declines in income and sales taxes is giving her office causes for concern.

Hopkins County school clinics may be the latest casualty in a series of budget cuts to the County Health Department. 

The Paducah/McCracken County Convention Center Corporation will enter the next fiscal year with a balanced budget. 

The top Democrat and top Republican in the Illinois House traded jabs yesterday in a heated confrontation over state budget issues.