Kentucky State Budget Office

kentucky.com

The state budget director’s office says end of fiscal year tax receipts show some growth in Kentucky’s economy.

Greg Harkenrider, deputy director in the Governor’s Office for Economic Analysis, says general fund receipts totaled 3.4 percent more than last year.  

Still, the veteran budget official says that’s not, quote, “gigantic growth.” “In the 1990’s and some of the years in the early 2000’s after the recession, it would not be unusual to see five or six percent growth in sales tax and four plus percent growth in withholding,” said Harkenrider.