Brighter Picture For State Revenue

by Todd Mundt on February 11, 2011

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.

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