Kentucky continues to show positive gains in state revenue receipts. State General Fund receipts in April were up almost eight percent, or $62 million more than April 2010 collections. Receipts have grown 5.6 percent in the current fiscal year, which ends June 30th. A growth rate of 4.5 percent was needed to balance the budget,… Continue reading State Revenue Receipts Improve
by Kentucky Public Radio’s Tony McVeigh There was an encouraging rise in Kentucky’s revenue receipts in May, compared to the same month last year. State tax collections rose just over three percent last month, with total receipts exceeding $636 million. That’s compared to $617 million collected in May 2009. For the first 11 months of… Continue reading Kentucky Tax Collections Were Up in May
The struggling economy has had an impact on tax preparation and filing in Kentucky.
From Kentucky Public Radio’s Tony McVeigh Kentucky House and Senate leaders are now signaling it’s likely going to require new revenue sources to balance the state budget this fiscal year. After caucusing for two hours, House Democrats gave their leaders the green light to talk taxes with Senate leaders. All options remain on the table,… Continue reading KY Legislative Leaders To Talk Taxes
Sure, the end-of-the-year holidays have significant meaning for different faiths, but this time is also when arts organizations take stock of their current season…and plan for the next. WFPL’s Elizabeth Kramer reports on how the current economy is factoring into what we might see and hear in the future. Summer’s high fuel costs and the… Continue reading Arts Groups Watch, Plan for Economic Fallout
From Kentucky Public Radio’s Tony McVeigh More bad economic news out of Frankfort, as a panel of economic experts revises downward, the revenue estimates on which Kentucky’s budget is based. The Consensus Forecasting Group believes the state could be facing a $456 million deficit this fiscal year, which is worse than the $294 million predicted… Continue reading Forecast: Kentucky Revenues Plummeting