Tennessee general fund revenues have beaten projections by more than a half-billion dollars with one month left in the budget year. State Finance Commissioner Mark Emkes says collections came in at $130 million above estimates in June, which reflects economic activity from the previous month.
A slowly recovering Kentucky economy has pushed tax revenues beyond what had been projected by a panel of economic experts over the past year. Budget Director Mary Lassiter said Tuesday the state's General Fund tax revenue for the fiscal year that ended June 30 was $83 million more than expected.
A group of Kentucky lawmakers has a new summer assignment: shoring up the state’s failing pension systems. At least two of Kentucky’s six pension plans are at a high risk for failure. And their troubles have been highlighted by Bloomberg, the New York Times and the Pew Center.