Consensus Forecasting Group


State economists have predicted a $219.2 million surplus for the budget year that ends June 30.  The Consensus Forecasting Group made the adjustment after looking at strong trends in individual income and sales tax collections, estimating Kentucky's general fund tax collections will grow by 3.2 percent. But they were less optimistic going forward, projecting growth rates of 2.7 percent and 2.8 percent for the following two fiscal years.