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Tue June 12, 2012
Kentucky General Fund Receipts Fall
Kentucky officials say General Fund receipts fell about $17 million dollars, or 2 and a third percent in May from figures a year ago.
Lawmakers still expect fiscal year receipts to reach the budgeted estimate. Overall for the first 11 months of the fiscal year, receipts have grown almost 3 and a quarter percent. State Budget Director Mary Lassiter's office says the state can meet the official revenue estimate with a decline of as much as four tenths of a percent during the final month. Road Fund receipts are up the most this year at almost seven percent. Road Fund revenues could fall over eight and a quarter percent for the rest of the fiscal year and still meet the official revenue estimate.