Budget Outlooks Improving in Kentucky and Tennessee
The budget outlooks in both Kentucky and Tennessee are healthier than they were this time last year. Kentucky Budget Director Jane Driskell announced Friday that the state’s general fund receipts for the first month of the fiscal year were up two-percent over July of last year.
Tennessee, meanwhile, has ended its budget year with a $42 million budget surplus, fueled partly by a nine-percent increase in the Volunteer State’s corporate tax receipts. Governor Bill Haslam’s office hasn’t said yet what he plans to do with the extra money.