Unofficial projection shows $58 million budget surplus for Kentucky

FRANKFORT, Ky. (AP) - An unofficial state projection shows a $58
million budget surplus this fiscal year if the economic recovery
remains steady.
The Courier-Journal reported Tuesday that the state budget
office projects revenues will reach $8.63 billion for the fiscal
year ending June 30, 2011. That is $58 million more than the amount
of revenue required by the state budget.
But State Budget Director Mary Lassiter told the newspaper that
the forecast is, in her words, "very preliminary."
The unofficial projection was part of the quarterly economic
report issued this week by the budget office.
The report contains many warnings, saying national experts see
the economic recovery as very fragile and there is a chance of a
setback.
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Information from: The Courier-Journal,
http://www.courier-journal.com

(Copyright 2010 by The Associated Press. All Rights Reserved.)


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