From Frankfort

General fund receipts decline putting fiscal year estimates in peril

04/10/2017 09:21 PM

With a decline in revenue in March it seems likely that the state will face a budget shortfall in the coming months, the state budget director warned on Monday. State Budget Director John Chilton reported March’s General Fund receipts fell 11.4 percent compared to March of last year, a decrease of $99.2 million. The decline in revenue year-to-year will likely mean the state will fail to meet the fiscal year estimates. The official revenue estimate calls for 2.7 percent revenue... Read more 

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