Regional
2:07 pm
Fri May 14, 2004

State Revenues Increase by about Seventy Million Dollars

Frankfort, KY – Revenue experts say tax revenues are up in Kentucky, and
the state could have at least seventy million dollars more
than expected this fiscal year. Some lawmakers say the
money could be saved for future budget problems or could
help the House and Senate overcome differences to pass
a budget.

Budget shortfalls have forced spending cuts in the past
three years. But strong retail sales have boosted sales tax
income above expectations.

University of Kentucky Finance Professor Merl Hackbart says
the recovery has been stronger than previously estimated.