Kentucky General Fund

Government
4:27 pm
Mon August 11, 2014

Kentucky Revenue Receipts Suggest Slow Growth

Credit www.flickr.com/photos/76657755@N04

New data released by the state’s budget office suggest that Kentucky’s General Fund isn’t growing fast enough, and could lead to another budget shortfall.

Read more
Government
4:08 pm
Fri January 10, 2014

KY General Fund revenue down 3.5 percent in Dec.

Credit Wikimedia Commons

Kentucky officials report a 3.5 percent drop in tax collections for December, but say state revenue is up slightly for the first six months of the fiscal year.  State Budget Director Jane Driskell says December’s General Fund revenue totaled almost $913 million, a drop of over $33 million for the same month in 2012.  Driskell says 2012 collections included a $25 million windfall due to a taxpayer amnesty.  

Read more
Government Revenue
6:33 am
Fri October 11, 2013

KY General Fund Receipts Rise In September

An increase in tax collections in September has provided a needed boost to the Kentucky’s General Fund, which had been struggling with flat revenues in recent months.

State Budget Director Jane Driskell said yesterday that General Fund receipts were up 4% last month compared with a year ago. Revenue topped $920 million, compared with $885 million in September 2012.

Read more
Government
4:06 pm
Fri July 19, 2013

2012-13 Ky. Budget Closes with $70.6 Million Surplus

Credit Wikimedia Commons

State Budget Director Jane Driskell announced Friday that Kentucky closed the 2012-2013 fiscal year with a General Fund surplus of $70.6 million.

Officials attribute the surplus to slowed spending by cash-strapped state agencies, as well as a small bump in General Fund revenues. Driskell warns, however, that the fiscal year that just began July 1 extends the budget cuts that were in place last year, and state agencies will continue the challenges of delivering services with fewer dollars and higher costs.

Read more
Government
4:50 pm
Wed July 10, 2013

General Fund Revenue Up 3rd Straight Year in Ky.

Kentucky has ended the third consecutive fiscal year with General Fund revenue growth — continued good news for a state that had seen tax collections plummet during the economic recession.

Budget Director Jane Driskell said collections were up 2.8 percent to more than $9.3 billion for the 12-month period that ended June 30.

Read more
Government
3:27 pm
Mon June 10, 2013

Kentucky's General Fund Revenue Increases in May

The state's top budget official is reporting an 8.3 percent increase in General Fund revenue in May, largely thanks to improved collections from the sales tax, individual income taxes and property taxes.

Budget Director Jane Driskell released a monthly revenue report on Monday. The report showed property tax collections increased by 75.2 percent in May. Individual income tax receipts rose by 8.3 percent. And sales tax receipts were up 5.2 percent.

Read more
Government
8:04 am
Thu April 11, 2013

Kentucky on Track to Meeting Revenue Goals

Kentucky's General Fund is on pace to meet its tax revenue goals for this fiscal year despite Kentuckians' cautious spending habits says a state official.

State Budget Director Jane Driskell says overall tax receipts are 2.6 percent higher than they were this time last year. The uptick is partially attributed to an increase in revenue from corporate and individual income taxes, which jumped 12.7 percent and 5.7 percent respectively. The fiscal year ends June 30.

Read more
Government
7:44 am
Tue February 12, 2013

Tax Amnesty Program Increases General Fund Revenue

Credit www.en.wikipedia.com

A tax amnesty program is being credited with pushing up General Fund revenue by 3.8 percent in January. State Budget Director Jane Driskell says individual income tax revenue rose by more than 35 percent and corporate income tax receipts rose nearly 83 percent as those who took advantage of the amnesty offer paid up.

Read more
Government
2:24 pm
Wed October 10, 2012

Kentucky Reports Increased Tax Revenue

www.en.wikipedia.com

Kentucky’s General Fund receipts increased by more than 5 percent in September, thanks in part to a big increase in corporate income tax revenue. Those receipts increased by more than 26 percent. Lottery and individual income tax receipts also rose by more than 8 percent. State Budget Director Mary Lassiter says those increases helped offset losses in property, cigarette, and coal severance tax revenues. She says the coal revenue fell about 19 percent due to a downturn in the state’s mining industry.

Kentucky Government
7:43 am
Tue June 12, 2012

Kentucky General Fund Receipts Fall

wikipedia.org

Kentucky officials say General Fund receipts fell about $17 million dollars, or 2 and a third percent in May from figures a year ago. 

Read more