ACCORDING TO THE OFFICE OF THE STATE BUDET DIRECTOR……KENTUCKY’S GENERAL FUND AND ROAD FUND RECEIPTS BOTH FELL IN MAY COMPARED TO A YEAR
AGO…..BUT CAN STILL REACH THE FORECAST ESTIMATE ON JUNE 30TH….THE END OF THE FISCAL YEAR….
GENERAL FUND RECEIPTS FELL THREE-PERCENT IN MAY……HOWEVER…..GENERAL FUND RECEIPTS HAVE GROWN ONE-POINT-THREE PERCENT FOR THE FIRST 11
MONTHS OF THE FISCAL YEAR…..WHICH MEANS COLLECTIONS CAN DECLINE 27-POINT-TWO PERCENT IN JUNE AND STILL HIT THE ESTIMATE….. AND CAN
DECLINE 16-POINT-TWO PERCENT TO AVOID THE FORECASTED 156-MILLIONN DOLLAR SHORT FALL IN THE GENERALFUND….
ROAD FUND RECEIPTS DECLINED THREE-POINT-NINE PERCENT IN MAY…..AND HAVE DECREASED ONE-POINT-ONE PERCENT FOR THE FISCAL YEAR…..
THE OFFICIAL ROAD FUND REVENUE ESTIMATE CALLS FOR A ONE-PERCENT DECREASE IN REVENUES…..WHICH MEANS ROAD FUND RECEPITS CAN DECLINE ONE-
TENTH-OF-A-PERCENT IN JUNE AND STILL MEET THE OFFICIAL ESTIMATE….