General Fund Shows Substantial Gain

{Frankfort, Kentucky}…State Budget Director Mary Lassiter reported Thursday that Kentucky's General Fund revenue rose substantially in December. The monthly review shows General Fund revenue up by 4.9 percent and Road Fund receipts 6.2 percent higher. Total General Fund revenue for the month was nearly $946 million. Road Fund revenue was more than $162 million. Property tax collections grew 12.1 percent, individual income tax receipts were up 10.1 percent, and sales tax revenue rose 1.7 percent. Corporate income tax revenue fell by 11.6 percent. Coal severance tax receipts were down 18.7 percent. And collections from the state's cigarette tax were flat.