BOTH KENTUCKY’S GENERAL FUND AND ROAD FUND ACCOUNTS GOT OFF TO A GOOD START IN THE FISCAL YEAR THAT BEGAN JULY FIRST……WITH
SUBSTANTIAL INCREASES OVER A YEAR AGO….ACCORDING TO KENTUCKY BUDGET DIRECTOR JOHN HICKS…..
GENERAL FUND RECEIPTS FOR JULY WERE UP 12-POINT-TWO PERCENTCOMPARED TO JULY 20-23…..THE OFFICIAL REVENUE ESTIMATE FOR FISCAL YEAR-25
CALLS FOR RECEIPTS TO INCREASE ONE-TENTH OF A PERCENT….THEREFORE….RECEIPTS CAN DECLINE NINE-TENTHS OF A PERCENT FOR THE REMAINDER OF THE
FISCAL YEAR AND STILL MEET THE GENERAL FUND REVENUE ESTIMATE…..
ROAD FUND REVENUES FOR JULY WERE UP 14-POINT-SIX PERCENT COMPARED TO LAST YEAS…..THE OFFICIAL ROAD FUND ESTIMATE CALLS FOR REVENUE TO
DECLINE TWO-POINT-NINE PERCENT COMPARED TO FISCAL YEAR-24…….SO ROAD FUND REVENUES CAN DECLINE FOUR-POINT-THREE PERCENT FOR THE REST OF
THE FISCAL YEAR AND STILL MEETTHE OFFICIAL ESTIMATE……
