By Tony McVeigh
Frankfort, Ky – Kentucky's tax receipts last month were $617 million. That's off 2.7% from May 2008, when $634 million was collected.
Through the first 11 months of the current fiscal year, which ends June 30, tax receipts are off 1.7%. But the official revenue estimate calls for a 2.1%decline for the entire fiscal year.
To meet the estimate, receipts would have to decline 6%, or $52 million this month, compared to June 2008.