A nonprofit publication of the Kentucky Center for Public Service Journalism

KLC estimates a collective budget shortfall of $85 million for Kentucky’s cities due to coronavirus

Kentucky cities are facing an estimated collective budget shortfall of $85 million in Fiscal Year 2020 as a result of lost tax, utility, and other revenues due to COVID-19. A Kentucky League of Cities (KLC) study conducted last week shows many municipalities will be forced to take drastic action to make up the deficit if Congress does not act to provide direct financial assistance to local governments...

Kentucky’s General Fund receipts for July totaled $845.7 million, a 1.9 percent increase from a year ago

State Budget Director John Chilton announced Monday that Kentucky’s General Fund receipts for July, the first month of Fiscal Year 2020 (FY20), totaled $845.7 million, a 1.9 percent increase compared to July 2018 receipts. Increases in the sales and use tax and cigarette taxes out-paced declines in the income, natural resources and property taxes as the impacts of tax law changes continue to influence...