Kentucky's Revenue Receipts Increase 2.2%

A Monthly Tax Report from Kentucky's State Budget Director demonstrates that Kentucky's revenue receipts increased 2.2% in March. The primary driver of the boost in revenue was Kentucky's Road Fund, which had an increase of 9.1%. The increase in Road Fund receipts is attributable to greater motor fuels and motor vehicle usage tax. Conversely, a 1.6% decline in sales and use tax receipts combined with an unemployment rate of approximately 10.9% demonstrates continued weakness in Kentucky's consumer sector.