Ky. General Fund revenue down 3.5 percent in December

FRANKFORT, Ky. (AP) - Kentucky is reporting a 3.5 percent drop in tax collections for December, but state revenue is up slightly for the first six months of the fiscal year.

State Budget Director Jane Driskell said Friday that General Fund revenue totaled $912.6 million in December, a drop of $33.2 million for the same month in 2012.

Driskell says December 2012 collections included a $25 million windfall due to taxpayers taking advantage of an amnesty offer to avoid prosecution by catching up on back taxes.

She says tax collections are up 1.2 percent for the half of the current fiscal year.

Driskell says revenues need to grow 3.1 percent for the last six months of the fiscal year to meet the official revenue forecast by a group of the state's top economists.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus


2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Register for Email
RSS Feeds
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 239664491 -
Gray Television, Inc.