Ky. projected to have $64.6 million surplus

FRANKFORT, Ky. (AP) - A report from the state Budget Office says Kentucky is expected to have a $64.6 million surplus at the end of the fiscal year due to economic growth and stronger-than-projected revenue.

The unofficial estimate was released Monday as part of its third quarter economic report.

State Budget Director Mary Lassiter urged caution, noting that the economy is still fragile and could keep fluctuating, according to the Lexington Herald-Leader and The Courier-Journal.

The report shows receipts for the General Fund have increased by 5.2 percent - the fourth consecutive quarter of fiscal improvement after more than a year of decline.

Copyright 2011 by The Associated Press. All Rights Reserved

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