By KPR
Frankfort, KY – Kentucky appears headed for a state budget surplus at the end of the month.
State revenue receipts rose over seven percent in April and a whopping 18 percent in May, and June's looking pretty good. That's the word from state budget analyst Greg Harkenrider, who appeared before the House and Senate budget committees. "June's an $800 million month. And we have less than half the money in the bank. So, it's premature to talk about June. But June does not appear to be a disaster month. There does not appear to be anything that's going to come and just make a catastrophe out of June."
Right now, the state is sitting on a general fund surplus of around $64 million. The state's fiscal year ends next Thursday. If there is a surplus, some of the money is needed for disaster expenses. Any other money will go into the state's budget reserve trust fund.