A nonprofit publication of the Kentucky Center for Public Service Journalism

General Fund receipts in December increase by $1,258,755,431, second-highest monthly total ever

State Budget Director John Hicks reported Friday that December’s General Fund receipts reflected the second-highest monthly total ever, $1,258,755,431, a 16.1 percent increase compared to December of last year. Total revenues rose by $174.4 million over last December, with increases in all the major taxes: individual income, sales, business and property taxes. December is one of the three largest...

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...

General Fund receipts increase 4.8 percent in September; Road Fund remains unchanged

State Budget Director John Hicks reported today that General Fund receipts rose 4.8 percent in September with revenues of $1,115.4 million. This compares to $1,064.5 million collected in September 2019. So far this fiscal year (FY21), the General Fund has grown 5.8 percent. September closes out the first quarter of the fiscal year and collections have rebounded from the fourth quarter of FY20 in...

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...

Beshear reports 518 new COVID-19 cases, 3 deaths; announces state budget will not have a shortfall

Gov. Andy Beshear announced Wednesday that the state is looking to close out fiscal year 2020 without a shortfall, despite the continuing challenges presented by efforts to fight the novel coronavirus 2019 (COVID-19). The Governor also reported 518 new COVID-19 cases, 14 of whom are children under 5, and three news deaths. These numbers raise Kentucky’s totals to 24,540 cases and 677 deaths. “It...

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...

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...

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...

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...

Total revenues rise during month of November over previous year, state budget director reports

State Budget Director John Chilton reported Monday that General Fund receipts rose 2.9 percent in November compared to last year. Total revenues for the month were $907.8 million, compared to $882.5 million during November 2016, an increase of $25.3 million. Receipts have now risen 1.1 percent for the first five months of the fiscal year and must increase 3.1 percent over the final seven months of...

Decision to expand health coverage ensures 308,000 more Kentuckians have access

Calling it “the single-most important decision in our lifetime for improving the health of Kentuckians,” Gov. Steve Beshear today announced the inclusion of 308,000 more Kentuckians in the federal Medicaid health insurance program. The expansion, together with the creation of the Health Benefit Exchange, will ensure that every Kentuckian will have access to affordable health insurance.   The...