By: Associated Press
By: Associated Press

FRANKFORT, Ky. (AP) -- State officials say Kentucky's General Fund receipts increased 2.5 percent in August over last year, while Road Fund revenue fell 2.9 percent from a year ago, the first monthly decline since June 2010.

The estimate for the year calls for General Fund revenue to increase 2.4 percent over last year. State Budget Director Mary Lassiter's office said revenues will have to grow 2.8 percent for the rest of the fiscal year to meet that.

Revenue fell 2.3 percent in July from a year ago.

Lassiter said the General Fund's two largest sources, individual income and sales taxes, have year-to-date declines through August.

The Road Fund estimate calls for a 3.9 percent increase for the year. For August, motor vehicle usage collections decreased 13.5 percent. is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, no links, share your knowledge, and please suggest removal of comments that violate these standards.

powered by Disqus
WBKO 2727 Russellville Road Bowling Green, KY 42101-3976 Phone: 270-781-1313 After Hours Hotline: 270-781-6397 Fax: 270-781-1814
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 169228486 -
Gray Television, Inc.