U.S. News

Ky.'s April tax revenues down compared to year ago


Kentucky government's tax revenues are lower in April compared to a year ago as lingering economic problems persist.

State Budget Director Mary Lassiter announced the April receipts on Monday, saying they had fallen to $782 million, down from $826.7 million in April 2009.

Lassiter said state revenues haven't grown in 14 of the past 16 months. But she said an 8.5 percent increase in sales tax receipts in April was an encouraging sign that the state economy is improving.

Corporate income tax receipts were down 24.7 percent in April. Individual income tax receipts were down 13.6 percent. Coal severance tax revenues declined by 2.7 percent. And property tax collections fell by 13.2 percent.

Lassiter said road fund receipts fell by 0.6 percent in April.