A nonprofit publication of the Kentucky Center for Public Service Journalism

General Fund receipts increase 5.9 percent in August compared to last year; up 6.5 percent in FY21

State Budget Director John Hicks reported Thursday that General Fund receipts increased 5.9 percent in August compared to last year. Total revenues for the month were $833.8 million, compared to $787.2 million during August 2019. August receipts have reflected the smallest share of yearly amounts over the last five years. So far this fiscal year (FY21), General Fund receipts have increased 6.5 percent. Road...

Kentucky’s General Fund receipts for July up 7.0 percent from a year ago; totaled $905.1 million

State Budget Director John Hicks announced Monday that Kentucky’s General Fund receipts for July, the first month of Fiscal Year 2021 (FY21), totaled $905.1 million, a 7.0 percent increase compared to July 2019 receipts. Collections for the month were surprisingly strong given the general slowdown in consumer spending arising from the uncertainty of the novel coronavirus. The official revenue estimate...

Kentucky’s General Fund receipts increase 1.5 percent in FY20; Road Fund receipts fall 4.8 percent

State Budget Director John Hicks has reported that Kentucky’s General Fund receipts for Fiscal Year 2020 (FY20) ended better than expected: $104.6 million more than the budget enacted in April 2020 and $575 million more than the late May 2020 revised revenue estimate. Road Fund collections were $60.3 million less than the enacted budget and $101.5 million more than the May revised estimate. The fiscal...

State Budget Director reports General Fund receipts in May down 8.1 percent compared to last year

State Budget Director John Hicks has reported that May’s General Fund receipts fell 8.1 percent compared to May of last year, a decrease of $69.0 million. Total revenues for the month were $781.0 million, compared to $850.0 million during May 2019. Receipts have now fallen 1.8 percent for the first 11 months of FY20. The revised official estimate for FY20 rendered by the Consensus Forecasting Group...

State Budget Director reports General Fund receipts drop precipitously (33.6 percent) in April

State Budget Director John Hicks reported Wednesday that April’s General Fund receipts dropped precipitously due to the impact of the novel coronavirus and the movement of the income tax filing deadline to July 15. Collections fell 33.6 percent, or $432.9 million, compared to April of last year. Nearly 90 percent of the decline was from individual and corporate income taxes. Total revenues for the...

March General Fund receipts increase 6.8 percent over last year; Road Fund receipts up 6.0 percent

State Budget Director John Hicks reported that March’s General Fund receipts grew 6.8 percent compared to March of last year, an increase of $56.0 million. Total revenues for the month were $876.1 million, compared to $820.1 million during March 2019. Receipts have now grown 3.9 percent for the first nine months of FY20. The revenue estimate for FY20 approved by the Consensus Forecasting Group in...

January General Fund receipts increase 9.2 percent over last year; Road Fund receipts up 4.2 percent

State Budget Director John Hicks reported that January’s General Fund receipts grew 9.2 percent compared to January of last year, an increase of $85.1 million. Receipts were boosted by the largest ever monthly collection of sales and use tax receipts. Receipts have grown 3.6 percent for the first seven months of fiscal year 2020 (FY20). The official revenue estimate calls for 1.6 percent growth in...

December General Fund receipts decline 4.1 percent from a year ago; Road Fund receipts up 4.2 percent

The state budget director reported Friday that December’s General Fund receipts totaled $1,084.3 million, a 4.1 percent decline compared to December of last year. Receipts have increased 2.7 percent for the first six months of the fiscal year that ends June 30, 2020. Second quarter collections rose 4.1 percent, which is an improvement over first quarter collections which rose 1.1 percent. The official...

State budget director reports October General Fund receipts rose 11.5 percent over last year’s total

State Budget Director John Chilton reported Tuesday that October’s General Fund receipts rose 11.5 percent, or $94.7 million, over last year’s total. Revenues for the month were $920.7 million compared to $826.0 million collected in October 2018. Receipts have increased 3.6 percent for the first four months of the fiscal year and can decline 0.7 percent during the final eight months of FY20 to...

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...

General Fund receipts increase 3.6 percent in August; total revenues for month were $787.2 million

State Budget Director John Chilton reported Tuesday that General Fund receipts increased 3.6 percent in August compared to last year. Total revenues for the month were $787.2 million, compared to $759.9 million during August 2018. For the first two months of this fiscal year (FY20), General Fund receipts have increased 2.7 percent. Chilton noted that the rate of growth of General Fund receipts has...

Kentucky General Fund receipts surge ahead 10.7 percent in April with revenues of $1,289.9 million

State Budget Director John Chilton has reported that General Fund receipts surged ahead 10.7 percent in April with revenues of $1,289.9 million. April’s receipts compare favorably to the $1,165.3 million collected in April 2018. Through the first 10 months of FY19, the General Fund has grown 4.8 percent. Receipts reached a new all-time peak in April, besting the previous record by $124.6 million. The...

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...

Chilton: General Fund receipts fell 0.8 percent in December, but Road Fund receipts rose 3.5 percent

State Budget Director John Chilton has reported that General Fund receipts fell 0.8 percent in December with revenues of $1,131.1 million. December’s receipts declined marginally compared to the $1,140.0 million collected in December 2017.  Through the first half of the fiscal year (FY19), the General Fund has grown 3.7 percent.  The official General Fund revenue estimate for FY19 calls for revenue...

State’s General Fund receipts increased 11.8 percent in February; Road Fund receipts fall 7.8 percent

The Office of State Budget Director reported today that February’s net General Fund receipts rose 11.8 percent compared to February of last year, an increase of $84.0 million. Total revenues for the month were $793.0 million, compared to $709.0 million during February 2017. Receipts have now grown 4.6 percent for the first eight months of FY18. The official CFG estimate calls for 2.3 percent revenue...

State Budget Director reports strong revenue receipts in December, ’17; general fund up 11.2 percent

The Office of State Budget Director has reported that December’s General Fund receipts were the highest on record as receipts totaled $1,140.1 million. Revenue collections increased 11.2 percent compared to December of last year, an increase of $114.8 million.  Receipts have increased 3.1 percent for the first six months of the fiscal year that ends June 30.  Second quarter collections rose 3.2...