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April Tax Revenues Down Compared to Year Ago

By AP

Frankfort, KY – Lingering economic problems forced Kentucky state government revenues lower in April compared to a year ago. State Budget Director Mary Lassiter announced the April receipts Monday, saying they had fallen to $782 million, down $45 million from April 2009.

Lassiter says state revenues haven't grown in 14 of the past 16 months. But she says an 8.5% increase in sales tax receipts in April was an encouraging sign that the state economy is improving.