It’s been another stellar month for state revenue receipts in Kentucky. And that means no furlough days for state workers next fiscal year. General Fund receipts in May were $750 million, a whopping 18 percent increase over May 2010 receipts. Tax collections in the first 11 months of the current fiscal year have grown 6.7… Continue reading In Light of Higher Reciepts, Beshear Says No Furloughs for Next Fiscal Year
Individual income tax receipts were up last month, as were sales and use tax receipts, property tax collections, coal severance tax receipts and lottery collections.
Corporate income and cigarette tax collections were off last month. The growth rate needed for the final seven months of Fiscal 2011 is 3.7 percent.