Road Fund

Public Domain via WFPL

As Kentuckians continue to enjoy low gas prices, the state’s road fund has suffered because of lost revenue from the motor fuels tax.

KYTC Public Information Officer Keith Todd

Kentucky’s transportation cabinet has announced that it will pause new road projects over the next fiscal year starting July 1.

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.

Kentucky General Fund Receipts Fall

Jun 12, 2012

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