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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 
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KY General and Road Fund receipts reported for FY2022 From John Hicks/Greg Harkenride Frankfort, KY - The Office of State Budget Director reported on Monday that Kentucky's fiscal year 2022 General Fund receipts grew at the highest rate in 31 years, by 14.6 percent over last year. General Fund receipts totaled $14.7 billion, exceeding the budgeted estimate by $945.4 million. The final budget surplus amount will be known once the accounting records for expenditures are completed later this month. Road Fund revenues totaled $1.67 billion, 2.0 percent over last year, just under the budgeted estimate. State Budget Director John Hicks noted that June's General Fund revenue growth of 13.0 percent punctuated a second consecutive fiscal year of double-digit revenue growth and higher than anticipated receipts. "The 14.6 percent growth rate experienced in FY22 surpassed the 10.9 percent growth rate in FY21, the two highest growth years since FY91, the first year of the tax increases passed in 1990. June's revenue growth pattern was a microcosm of FY22, highlighted by strong growth in the largest three revenue accounts. The individual income tax, business taxes, and sales tax all grew by double-digits in June and throughout FY22. Of the three, perhaps the most impressive gains came from the individual income tax, which grew 17.6 percent or over $900 million during the course of FY22. Wage and employment growth bolstered the withholding component of the individual income tax, while stronger profitability and increased taxable income propelled the declaration payments and net returns. The 17.6 percent growth rate for the individual income tax in FY22 marks the highest growth since 1991, and the highest growth in the recorded history of Kentucky during a fiscal year where the income tax did not experience a rate increase. The $945.4 million General Fund revenue surplus is the second highest year on record, exceeded only by the $1.1 billion revenue surplus from last year." Quarterly revenue collections were strong through the year, posting double digit growth in three of the four quarters. Growth rates for the four quarters were 20.0 percent, 12.3 percent, 9.0 percent, and 16.9 percent. This story was posted on 2022-07-12 08:59:45
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7-County Area Courts for Tue 12 Jul 2022 Grief Support meeting tonight Paint the Town will feature food trucks, music FM2 nutrition vouchers now have to be activated 7-County Area Courts for Mon 11 Jul 2022 Phillip Coffey: Cool Seat in the Mountains Kentucky Grown Cut Flower Month celebrated in July 7-County Area Courts for Fri 8 Jul 2022 Columbia moves from Abnormally Dry to Moderate Drought A Heat Advisory remains in effect today View even more articles in topic News |
 
115 Jamestown St. Columbia, KY. 270-384-2496 
  
   
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