Mary Lassiter

12:07 pm
Mon February 4, 2013

Former Kentucky Budget Director: No "Money for Anything"

Despite the end of the economic recession and a growth in state revenue, Kentucky’s budget will remain tight. Former Budget Director, now Cabinet Secretary Mary Lassiter will address a joint House and Senate budget committee Tuesday.

She is expected to say state programs and agencies should not expect cuts in recent years to be restored in the next State budget.  Lassiter tells the Courier-Journal, “There’s no money for anything.” 

Lassiter says any new revenue in the state budget passed in 2014 budget will be consumed by additional spending required for pensions, Medicaid, and replacing one-time funds being spent on recurring needs in the current budget.  She declined to say if the tight long-term revenue outlook will also be the theme of the State of the Commonwealth address Gov. Steve Beshear is to deliver Wednesday night.

1:25 pm
Wed October 10, 2012

General Fund Receipts for September Increase, but Still Fall Below Pace to Meet Official Estimate

Seal of the Commonwealth

Kentucky's General Fund Receipts increased by 5.3 percent last month, compared to September of last year. However, revenues  for the first quarter still fell below the pace needed to meet the official estimate. Meanwhile, road funds declined 3.9 percent.

Read more
2:23 pm
Mon September 10, 2012

Flat Growth in Kentucky Budget Causing Some Concerns

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.

Read more
Economy /Declining State Revenues
3:14 pm
Fri August 10, 2012

Kentucky's General Government Revenue Declines

State Revenues

A report released by State Budget Director Mary Lassiter reveals that receipts from both the state's sales and income taxes declined in July. Lassiter says she still expects the state to meet projections of modest revenue growth over the remainder of the new fiscal year, despite declines in general fund revenue for three of the past four months.

Read more
3:15 pm
Thu July 26, 2012

Kentucky Budget Surplus Less Than Originally Expected, but Good News Remains

Despite accounting mistakes and unforeseen disaster relief expenses, state government is closing the 2012 budget with another surplus. Originally, the budgetary surplus was $83 million. Now it's almost halved to $45 million.

Read more
2:36 pm
Tue July 10, 2012

Budget Surplus Possible for Kentucky, Despite Economic Woes

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.

Read more
State Revenues Higher than Last Year
12:55 pm
Tue April 10, 2012

State Budget Director Says General Fund Receipts Increase

The Office of the Budget Director for the State of Kentucky says General Fund receipts were up significantly last month. State Budget Director Mary Lassiter says General Fund receipts grew 8.4 percent in March, compared to March of last year.

Read more
General Fund and Road Fund Increase
1:11 pm
Mon March 12, 2012

Kentucky Revenue Receipts Increase

The Office of State Budget Director Mary Lassiter says General Fund Receipts in the bluegrass state increased 3.8 percent in February, compared to February of 2011. Total revenues topped 574 million dollars, compared to just under 553 million dollars for the same month last year.

Read more