State Revenue Trending Up
Kentucky’s General Fund revenue is on the upswing.
State Budget Director Jane Driskoll says receipts for March show an increase of 2.4 percent compared with March 2013. That represents close to $18 million dollars – putting the month’s totals close to $753 million.
Still, it may not be enough to meet revenue projections, which called for 2.1 percent growth for the entire fiscal year ending on June 30. To meet that goal, receipts would need to grow by 3.9 percent over the next three months. Driskoll says the number is within reach, but revenues in excess of the official projection are becoming less likely.
The General Fund supports most state programs, including transportation and road projects.