4:46pm

Thu August 15, 2013
Business and the Economy

Meager Revenue Growth Predicted in Kentucky

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.