KY Tax Collections Up In November

Dec 11, 2013

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Newly released numbers from the Kentucky budget office show tax collections were up in November.

State Budget Director Jane Driskell said Tuesday that General Fund revenue increased 2.4% for the month, generating revenue of nearly $803 million. Driskell called the latest revenue figures encouraging.

Individual income tax collections rose 6% for the month, a sign of fatter paychecks for Kentucky workers. Property tax revenue was up 8.1%.

Meanwhile, sales tax collections fell by 1% in November. Cigarette tax revenue dropped 4.3 %. And the coal severance tax was off 18.1%. Road Fund revenue rebounded in November, jumping 13.6%.