State’s Revenue Collections

Kentucky officials say the state’s revenue collections in May continued to far outpace last year’s pandemic-battered performance.State Budget Director John Hicks said Thursday that General Fund receipts last month rose nearly 57% – or nearly $443 million – above the amount collected in May 2020.He says receipts have grown by 14% for the first 11 months of the current fiscal year.The General Fund pays for most state services, including education, health care and public safety.

Source: MG News

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