News and Music Discovery
Play Live Radio
Next Up:
Available On Air Stations

Kentucky's General Fund Receipts Rise In August

Hieng Ling Tie, 123rf stock photo

Kentucky officials say the state's General Fund tax receipts increased 3.6% in August compared to a year ago.


State Budget Director John Chilton says total revenues for the month were $787.2 million, compared to $759.9 million during August 2018. Chilton says for the first two months of this fiscal year, General Fund receipts increased 2.7%. He says the rate of growth for General Fund receipts moderates from prior-year levels. The official revenue estimate for this fiscal year calls for revenue to increase 0.6% compared to actual receipts from last year. General Fund revenues based on August results need to grow 0.3% for the remaining 10 months of the fiscal year to meet the official estimate. Lawmakers will watch revenue trends closely when crafting a new state budget next year.


The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.
Related Content