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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 Fund and Road Fund receipts for May 2023 From John Hicks/Greg Harkenrider Frankfort, KY - The Office of State Budget Director reported today that General Fund receipts declined by 7.2 percent in May compared to May 2022. Total revenues for the month were $1,146.0 million. This is only the third time that May receipts exceeded $1.0 billion. Receipts have now grown 3.4 percent for the first 11 months of FY23. Individual income tax receipts declined by $148 million due to the 10 percent reduction in the tax rate and a higher amount of tax refunds. Sales and gross receipts rose by 6.2 percent, or $40.0 million, and earnings on investment rose by $19.4 million. General Fund receipts are still on pace to result in a third consecutive year with a budget surplus in excess of $1 billion. State Budget Director John Hicks commented on the May receipts. "Year-over-year monthly revenue declines are now to be expected given the reduction to the individual income tax rate that became effective January 2023. The payroll withholding base continues to rise reflecting higher total Kentucky wages and salaries. The tax rate impact has already been considered in our revenue forecasting. A revenue surplus in excess of $1.0 billion is still expected when the annual revenue total is compared to the estimate used in the creation of the current budget." Among the major accounts:
Road Fund receipts for May totaled $165.3 million, an 11.2 percent increase compared to May 2022 levels. Year-to-date receipts have increased 4.7 percent. The official Road Fund revenue estimate calls for a 2.7 percent increase in revenues for the fiscal year. The Road Fund is now expected to yield a revenue surplus for FY23. Based on year-to-date tax collections, revenues can decline 16.7 percent in June and still meet the estimate. Among the accounts, motor fuels revenue rose 9.5 percent and motor vehicle usage collections grew 10.9 percent. License and privilege taxes also posted double digit growth with a 24.2 percent, bringing growth through the first 11 months up to 3.1 percent. Report is available for review: http://www.osbd.ky.gov This story was posted on 2023-06-13 08:18:23
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Public Notice: CACVFD 2023 Fire dues 7-County Area Courts for Tue 13 Jun 2023 Dunn tells Chamber members it's good to be home Puppet show for all ages is June 17 in Liberty Special event Monday at 2pmCT for JOY Ministries Puzzle found while gardening in Adair 7-County Area Courts for Mon 12 Jun 2023 Much needed rain arrives Sunday Phillip Coffey - Nevermore, Nevermore-Not 7-County Area Courts for Fri 9 Jun 2023 View even more articles in topic News |
 
115 Jamestown St. Columbia, KY. 270-384-2496 
  
   
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