FRANKFORT, Ky. (AP) - Kentucky's general fund receipts rose 2.4
percent in November from the previous year, marking the first
revenue increase in 11 months.
But Mary Lassiter, the state budget director, said in a news
release Thursday while that increase is good news, it may not mean
the beginning of an upward trend.
The state budget office says state government took in $722.3
million in November, $17.1 million more than for the same month in
Sales tax revenues grew 2.7 percent, individual income tax
collections were down 3.5 percent and corporate income tax
increased $7.1 million. Cigarette tax revenues grew 83.1 percent
due to increased tax rates, and property tax receipts grew 5.6
Coal severance tax revenues fell 21.8 percent, while lottery
revenue were flat at $16.5 million.
(Copyright 2009 by The Associated Press. All Rights Reserved.)