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KY General Fund and Road Fund receipts for March 2026

Frankfort, KY - The Office of State Budget Director reported on Friday that March's General Fund receipts grew 6.2 percent compared to March of last year. The March revenue growth is compared to March of 2025 which was when the initial implementation of the Department of Revenue's new information technology system went into production.

Due to the timing of the go-live date for the new system, a portion of March receipts were processed in the month of April; therefore, revenues were partially understated in March 2025 and slightly overstated in April 2025. Total revenues for the month were $1,128.8 million, compared to $1,062.6 million during March 2025. Receipts have now fallen 0.4 percent for the first nine months of FY26. For the just completed quarter, total General Fund collections grew 0.2 percent. Growth rates for the first three quarters of FY26 were -2.8, 1.4 and 0.2 percent.

The official revenue estimate calls for a 1.3 percent decline in revenue for the fiscal year. To meet the estimate, receipts can decline 3.6 percent over the last three months of the year.

State Budget Director John Hicks remarked: "Total General Fund revenues collected in March were $1,128.8 million, a sum that is consistent with the trend established in the previous four March revenue totals. Sales and use taxes had a strong showing with a 16.3 percent increase, with the recognition that last March receipts may have been slightly understated. A clearer view of the current state of General Fund revenues will emerge next month when March and April can be combined and compared to sum of the two months from 2025."

Among the major accounts:
  • Sales and use tax receipts rose 16.3 percent for the month and have grown 5.9 percent year-to-date.
  • Combined corporation income and LLET tax receipts fell 21.6 percent as growth in LLET collections offset a drop in corporation income tax revenue. For the year, collections in these accounts have decreased 42.9 percent.
  • Individual income tax collections rose 6.1 percent in March. The three major components of the tax - withholding, estimated payments and net returns all rose. Collections have grown 4.9 percent through the first nine months of FY26.
  • Property tax collections declined 22.0 percent for the month but have grown 0.9 percent year-to-date.
  • Cigarette tax receipts rose by $13.3 million for the month and have increased 2.3 percent year-to-date. Increased cigarette sales may be impacted by a recent tax increase in a surrounding state.
  • Coal severance tax collections fell 17.6 percent in March with collections of $6.1 million. Collections have decreased 1.3 percent through the first nine months of the fiscal year.
  • Income on investments fell with $14.0 million posted in March 2026 compared to $24.2 million in March 2025.
Road Fund receipts for March totaled $151.7 million, a 6.0 percent increase compared to March 2025 levels. Year-to-date receipts have decreased 0.5 percent. Road Fund collections declined 2.0 percent in the just completed quarter after growing 0.1 percent and 0.3 percent in the first two quarters. The official Road Fund revenue estimate calls for revenues to decrease 1.0 percent for the fiscal year. Based on year-to-date tax collections, revenues can fall 2.4 percent for the remainder of FY26 and still meet the estimate. Among the accounts, motor fuels rose 1.3 percent, motor vehicle usage revenue grew 18.8 percent, and license and privilege receipts decreased 1.0 percent.

This story was posted on 2026-04-14 11:25:57
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KY General Fund and Road Fund receipts for February 2026

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Black History Celebration continues with student voices

Safety First as Spring Wildfire Season begins

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