State reporting increased revenues for January

FRANKFORT, Ky. (AP) - Kentucky has started the year with
substantial growth in General Fund revenue that rose 8.6 percent in
January.
Budget Director Mary Lassiter released figures Friday showing
revenue last month at more than $800 million, some $60 million more
than January 2011.
Road Fund revenue also edged upward by nearly $118 million in
January, a 10 percent increase over January 2011.
Lassiter said sales tax receipts rose 6.7 percent but were
offset by a 6.5 percent decline in individual income tax receipts.
Property tax receipts surged by 86 percent in January. And coal
severance tax revenue rose 27 percent.

(Copyright 2012 by The Associated Press. All Rights Reserved.)


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