Kentucky General Fund receipts post strong growth in August
FRANKFORT, Ky. (AP) — Kentucky officials say state General Fund receipts in August increased 12.5% from a year ago. It continues the state’s strong upswing in revenue collections. State Budget Director John Hicks says revenues for last month totaled $937.7 million, compared to $833.8 million in August 2020. So far this fiscal year, General Fund receipts have risen 10.4%. Hicks says the largest revenue sources for the General Fund continue to perform well, paving the way for solid growth in overall tax receipts. The General Fund pays for most state services, including education, health care and public safety.