State general fund receipts rise in November

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
2008.
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
percent.
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.)


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