Kentucky revenue up 8.6 percent in January

Posted: 2:58pm on Feb 10, 2012; Modified: 3:16pm on Feb 10, 2012

FRANKFORT — State revenues continued to climb in January.

General Fund receipts for January rose 8.6 percent compared with January 2011, an increase of $63.8 million.

Total revenues were $808.2 million, compared with $744.4 million in January 2011, according to the Office of State Budget Director.

State budget director Mary Lassiter said the financial results are in line with the official revenue estimate of 2.8 percent growth for this fiscal year, which ends June 30. Revenues need to grow about 1.4 percent for the last five months of year to meet that estimate.

Receipts for the Road Fund, which is used for transportation projects, rose 10 percent in January compared with the previous year. Overall, the Road Fund has grown 7.8 percent from the previous year.

Order a reprint

View All Top Jobs

$1,995,000 Lexington
4 bed, 4 full bath, 1 half bath. Fabulous custom built estate...

Search New Cars
Ads by Yahoo!