A nonprofit publication of the Kentucky Center for Public Service Journalism

Kentucky Lottery closes first have of fiscal year on record pace with more than $710 million in sales

The Kentucky Lottery reported Friday that sales for the first half of FY21 (July 2020 through December 2020) were higher than the first six months of any other fiscal year in the company’s history. Overall sales for the period were $710.3 million, which is $169.5 million (31.3%) more than the same period in the previous fiscal year. This was led by a 33.1% jump ($107.5 million) in sales of Scratch-off...

State Budget Director: October General Fund receipts in Kentucky rise 3.0 percent in past year

State Budget Director John Hicks reported Tuesday that October’s General Fund receipts rose 3.0 percent, or $27.7 million, over last year’s total. Almost half of the increase was due to early payments of tangible property tax. Revenues for the month were $948.4 million compared to $920.7 million collected in October 2020. Receipts have increased 5.1 percent for the first four months of the fiscal...

Georgetown College surpasses fundraising goal with $1.8 million for 2020 Annual Fund fiscal year

Thanks to the alumni and friends who support Georgetown College, the fundraising goal for the Annual Fund of $1,750,000 for FY20 has been met and surpassed. Georgetown finished the fiscal year on June 30 having raised a total of $1,827,122.61 towards the Annual Fund for the fiscal year. “Each year Georgetown College finds itself indebted to our generous alumni and friends who make our championship-level...

Chilton reports General Fund receipts rose 7.1 percent in November, with revenues of $972.6 million

State Budget Director John Chilton reported Monday that General Fund receipts rose 7.1 percent in November with revenues of $972.6 million. November’s receipts compare favorably to the $907.8 million collected in November 2017. Through the five months of the fiscal year (FY19), the General Fund has grown 4.8 percent. The official General Fund revenue estimate for FY19 calls for revenue to grow 3.3...

Kentucky Lottery breaks sales and dividend records in 2018 fiscal year; more than $1 billion in sales

For the second year in a row, sales of Kentucky Lottery tickets have exceeded a billion dollars in a single fiscal year. For FY18, which ended June 30, overall lottery sales were $1,042,512,000. This is the largest sales figure in Kentucky Lottery history, and is a $42 million (4.2 percent) jump over last year’s record-breaking number. Scratch-off tickets once again were the largest individual game...

EKU budget for 2018-19 strives to maintain academic quality, affordability, student success

A steadfast commitment to academic quality and student success amid declining state appropriations, political uncertainties, rising fixed costs, maintenance needs on some older facilities, and a slight decline in expected enrollment (tuition revenue) factored in the development of Eastern Kentucky University’s 2018-19 budget. In its regular meeting on June 25, EKU’s Board of Regents approved a...