Another band of snow will move into the region tonight. That plus temperatures into the lower 20s will create slick spots across the mountains. Additional accumulation of up to a half inch is possible in the valleys, while up to an additional inch is possible on the ridges. While significant snow is not expected, we have issued a Severe Weather Alert Day to keep you informed on possible negative impacts to travel through Tuesday afternoon.
FRANKFORT, Ky. (AP) - Kentucky's General Fund is on pace to meet its tax revenue goals for this fiscal year despite Kentuckians' cautious spending habits, a state official said Wednesday.
Overall tax receipts are 2.6 percent higher than they were this time last year, state Budget Director Jane Driskell said in a statement. The uptick is partially attributed to an increase in revenue from corporate and individual income taxes, which jumped 12.7 percent and 5.7 percent respectively. The fiscal year ends June 30.
The positive news comes despite lagging receipts in some other tax categories. Collections for the sales and use tax fell 0.8 percent, and revenue from cigarettes dropped 5.4 percent. Driskell attributed the decline to Kentuckians' cautious spending habits, which are linked in part to modest wage growth.
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