Brighter Picture For State Revenue

Kentucky general fund revenues grew 6.6 percent in January — a $45 million increase over last year. Budget Director Mary Lassiter reports the state is likely to meet or slightly exceed the revenue estimate for the year. The result would be a balanced state budget or even a small surplus.

The one revenue source not growing – sales tax receipts. Lassiter says that’s a sign of Kentucky’s high unemployment rate.