For the first month of the budget year, tax collections in Tennessee have fallen short of projections. Finance Commissioner Mark Emkes issued a release, stating that the weak revenues reflect a slow economic recovery on the national level.
Kentucky budget officials say they are paying close attention to revenue as the state budget sees a flat growth at the start of the fiscal year. Budget director Mary Lassiter says in her monthly briefing that August revenues ticked up, helping make up 2 percent of losses in July. But that leaves revenues flat, while forecasters had expected an almost 3 percent growth this year.
Kentucky lawmakers will be briefed this week on the state’s ailing coal severance tax fund. The office of the state budget director will update lawmakers of the fund’s future on Wednesday during a regularly scheduled meeting of the interim committee on natural resources and environment.
Effective September 1st, anyone claiming unemployment benefits in the state of Tennessee will be required to show that they are actively looking for work. A work search log must be maintained to verify the job-seeking activity.
Kentucky lawmakers will be briefed next week on the state’s ailing coal severance tax fund. The office of the state budget director will update the lawmakers of the fund’s future on Wednesday, during a regularly scheduled meeting of the interim committee on natural resources and environment.
The Kentucky Office of Employment and Training says jobless rates across the Bluegrass State have declined in the past year in 97 counties. However, the jobless rate increased last month to 8.3 percent. The figures are an indication of the uncertain outlook for employment.