General Fund Revenues Fall

• {Kentucky}...Kentucky general fund revenues fell 3 percent in August, ending a long streak of revenue gains. State Budget Director Mary Lassiter said the drop in August receipts broke a 15-month streak in which General Fund revenue had increased over the prior-year period. Total revenues fell to $623.3 million, compared to $642.6 million in the same month a year ago. Sales tax revenues rose for the month, but individual income and corporate income tax receipts fell. Despite the revenue decline, the General Fund has increased 1.9 percent through the first two months of the state's fiscal year.