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Updated: 1:02 PM Feb 10, 2012
Kentucky Reporting Increased Revenues for January
Kentucky has started the year with substantial growth in General Fund revenue that rose 8.6 percent in January.
Posted: 1:02 PM Feb 10, 2012Reporter: Associated Press |
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FRANKFORT, Ky. (AP) -- Budget Director Mary Lassiter released figures Friday showing revenue last month at more than $800 million, some $60 million more than January 2011.
Road Fund revenue also edged upward by nearly $118 million in January, a 10 percent increase over January 2011.
Lassiter said sales tax receipts rose 6.7 percent, but were offset by a 6.5 percent decline in individual income tax receipts.
Property tax receipts surged by 86 percent in January. And coal severance tax revenue rose 27 percent.
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