A nonprofit publication of the Kentucky Center for Public Service Journalism

General Fund receipts fell 1.2 percent in September; Road Fund receipts increased 3.8 percent

State Budget Director John Chilton reported that General Fund receipts fell 1.2 percent in September with revenues of $1,064.5 million. This compares to $1,077.3 million collected in September 2018. So far this fiscal year (FY20), General Fund receipts have grown 1.1 percent. September closes out the first quarter of the fiscal year and collections declined for the first time since the third quarter...

Gov. Bevin says in speech in E. Ky. that he’ll return all coal severance dollars to coal counties

By Nichole Ziege Appalachian News Express PIKEVILLE, Ky. (KT) – Gov. Matt Bevin, who lost Pike County in the Kentucky Republican primary gubernatorial election in May, made a new campaign promise to the people of eastern Kentucky and coal-impacted counties recently. 
Bevin announced that he would give 100 percent of Kentucky’s coal severance dollars to coal counties in the 2020-2021 state...

February reports on general fund and road fund receipts — revenue has grown in fiscal year by 3.2%

State Budget Director John Chilton has reported that General Fund receipts climbed 8.4 percent in February with revenues of $859.4 million. February’s receipts compare favorably to the $793.0 million collected in February 2018.  Through the first eight months of FY19, the General Fund has grown 3.2 percent.  The official General Fund revenue estimate for FY19 calls for revenue to grow 3.3 percent...

General Fund receipts decline 3.4 percent in January, while Road Fund receipts rise 2.5 percent

State Budget Director John Chilton reported Monday that General Fund receipts fell 3.4 percent in January with revenues of $924.6 million. January’s receipts declined modestly compared to the $956.8 million collected in January 2018. Through the first half of FY19, the General Fund has grown 2.6 percent. The official General Fund revenue estimate for FY19 calls for revenue to grow 3.3 percent compared...

Growth in coal mining revenue one of few bright spots reflected in state’s General Fund budget

By Tom Latek Kentucky Today FRANKFORT – Growth in coal mining has produced one of the few bright spots in Kentucky’s General Fund budget in May. State Budget Director John Chilton said coal severance tax collections, which are based on the amount of coal mined, showed a turnaround in May, increasing by 4.1 percent after an 18.2 percent decline over the past 11 months. General Fund revenue rose...

Legislative Briefs: Stumbo, judge-executives call for counties to retain greater share of severance money

Noting the “bad predicament” that counties in the Eastern and Western coalfields are in because of steep declines in coal severance revenue, House Speaker Greg Stumbo joined with more than a half-dozen county judge/executives today to urge legislators to let these counties keep a greater share of that money. Stumbo, who represents Floyd and Pike counties, told the House Appropriations and Revenue...

Speaker Greg Stumbo responds to complaints
about using coal severance for Rupp Arena

Kentucky House Speaker Greg Stumbo has released a statement regarding the use of excess multicounty coal severance revenue to move renovations of Lexington’s Rupp Arena forward. He said it is not an unprecedented concept, and that he will also work to see the $2.5 million is repaid as the Fayette County project moves forward.   Kentucky House Speaker Greg Stumbo Stumbo’s statement...