There was some excellent news for state finances on Tuesday as Kentucky’s General Fund saw a huge reversal from a decline in September, to a sharp increase in October.
The State Budget Director’s office reported October’s General Fund receipts rose 11.5 percent, or $94.7 million, over last year’s total. Revenues for the month were $920.7 million compared to $826.0 million collected in October 2018. Receipts have increased 3.6 percent for the first four months of the fiscal year and can decline 0.7 percent over the final eight months of FY20 to achieve the official revenue estimate of $11,462.0 million.
For the Full Story: Northern Kentucky TribuneNorthern Kentucky Tribune
by Tom latek
November 17, 2019