| ||||||||||
 
Dr. Ronald P. Rogers CHIROPRACTOR Support for your body's natural healing capabilities 270-384-5554 Click here for details 
  
Columbia Gas Dept. GAS LEAK or GAS SMELL Contact Numbers 24 hrs/ 365 days 270-384-2006 or 9-1-1 Call before you dig 
Visit ColumbiaMagazine's Directory of Churches Addresses, times, phone numbers and more for churches in Adair County Find Great Stuff in ColumbiaMagazine's Classified Ads Antiques, Help Wanted, Autos, Real Estate, Legal Notices, More... 
|
KY General Fund and Road Fund receipts for January 2022 General Fund receipts increase 12.7 percent year-to-date up 15.4 percent Road Fund receipts increase 4.0 percent year-to-date up 3.3 percent From John Hicks/Greg Harkenrider Frankfort, KY - The Office of State Budget Director reported today that January's General Fund receipts totaled $1,212.9 million, marking an unprecedented fifth consecutive month in which General Fund collections have exceeded $1 billion. The revenues were 12.7 percent more than what was received in January of last year, an increase of $136.6 million. Sales, individual income, and business tax accounts all grew substantially. General Fund receipts have now grown 15.4 percent for the first seven months of Fiscal Year 2022 (FY22). The newly enacted official revenue estimate calls for 7.5 percent growth in General Fund revenues over FY21 totals. Collections for the remainder of the year can fall 2.4 percent and still meet the official estimate. State Budget Director John Hicks noted that the 12.7 percent increase follows the recent trend of strong revenue performance that corresponds to a period of strong economic growth in Kentucky. "January's growth rate of 12.7 percent marks the sixth consecutive month of double-digit percentage growth, a feat not accomplished since FY1991, the first year of the last individual income and sales tax rate increase. The three major revenue sources have all benefited from favorable underlying economic conditions thus far in FY22. Sales tax receipts were up 14.9 percent in January and 13.5 percent year-to-date, highlighting continued strength in consumer spending and consumer sentiment. Individual income tax collections were 12.8 percent higher than January 2021 with year-to-date growth of 9.3 percent, reflecting growth in Kentucky aggregate wages and taxable income. Increases in wages have helped propel the withholding component of the individual income tax 8.2 percent higher through the first seven months of the fiscal year. Major business taxes grew 88.0 percent in January and stand 47.2 percent higher through January, a demonstration that Kentucky's corporate sector is generating higher business income." Among the major accounts:
Among the accounts, motor fuels collections grew 9.2 percent, motor vehicle usage revenue increased 3.9 percent, and license and privilege receipts fell 0.6 percent. This story was posted on 2022-02-10 18:02:26
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know. More articles from topic News:
Kentucky to build electric vehicle charging network Ribbon Cutting at HOPE Counseling Services on Monday KY First Lady: Shop & Share on Saturday, February 12 Sunny today, high 52F 7-County Area Courts for Thu 10 Feb 2022 Plan for a safe ride home from Superbowl parties Mostly sunny today, high 58F 7-County Area Courts for Wed 9 Feb 2022 Sunny today, high 51F 7-County Area Courts for Tue 8 Feb 2022 View even more articles in topic News |
 
115 Jamestown St. Columbia, KY. 270-384-2496 
  
   
 Provided by the Adair Co Fiscal Court and the Adair Co. Emergency Mgt. Agency 
|
||||||||
|
| ||||||||||
|
Quick Links to Popular Features
Looking for a story or picture? Try our Photo Archive or our Stories Archive for all the information that's appeared on ColumbiaMagazine.com. | ||||||||||
|
Contact us: Columbia Magazine and columbiamagazine.com are published by Linda Waggener and Pen Waggener, PO Box 906, Columbia, KY 42728. Please use our contact page, or send questions about technical issues with this site to webmaster@columbiamagazine.com. All logos and trademarks used on this site are property of their respective owners. All comments remain the property and responsibility of their posters, all articles and photos remain the property of their creators, and all the rest is copyright 1995-Present by Columbia Magazine. Privacy policy: use of this site requires no sharing of information. Voluntarily shared information may be published and made available to the public on this site and/or stored electronically. Anonymous submissions will be subject to additional verification. Cookies are not required to use our site. However, if you have cookies enabled in your web browser, some of our advertisers may use cookies for interest-based advertising across multiple domains. For more information about third-party advertising, visit the NAI web privacy site.
| ||||||||||
