KY General Fund revenue down 3.5 percent in Dec.

WKMS | By Todd Hatton,

The Associated Press

Published January 10, 2014 at 4:08 PM CST

Kentucky officials report a 3.5 percent drop in tax collections for December, but say state revenue is up slightly for the first six months of the fiscal year. State Budget Director Jane Driskell says December’s General Fund revenue totaled almost $913 million, a drop of over $33 million for the same month in 2012. Driskell says 2012 collections included a $25 million windfall due to a taxpayer amnesty. Driskell says revenues need to grow 3.1 percent for the last six months of this fiscal year to meet the state’s official revenue forecast.

Tags

Government & Politics wkms Kentucky General Fund

Todd Hatton

Todd Hatton hails from Paducah, Kentucky, where he got into radio under the auspices of the late, great John Stewart of WKYX while a student at Paducah Community College. He also worked at WKMS in the reel-to-reel tape days of the early 1990s before running off first to San Francisco, then Orlando in search of something to do when he grew up. He received his MFA in Creative Writing at Murray State University. He vigorously resists adulthood and watches his wife, Angela Hatton, save the world one plastic bottle at a time.

See stories by Todd Hatton

The Associated Press

See stories by The Associated Press