Meager Revenue Growth Predicted in Kentucky

Aug 15, 2013

Credit WKMS.ORG

State budget analysts are predicting ‘less than robust’ growth over the next two years in the Commonwealth’s general fund.  A slight decline is projected in the state’s road fund.   Government financial analyst Greg Harkenrider told a group of Kentucky’s top economists today collections from the individual income tax are expected to go up between one and a half and four percent in the next two fiscal years.

  That would help offset projected declines in coal severance and cigarette tax revenues.  The latest projections were part of a presentation before the Consensus Forecasting Group.  It’s a panel charged with plotting long term state government revenues.