- Associated Press - Friday, October 10, 2014

FRANKFORT, Ky. (AP) - Kentucky’s tax collections ended the first quarter with less than 1 percent growth from last year, putting pressure on the state to meet its revenue estimates for the rest of the year.

State Budget Director Jane Driskell said in a news release the state’s general fund revenue collections of $920.6 million was 0.1 percent higher than last year. State officials planned on revenues increasing 3.6 percent for the year.

Driskell said individual income and sales taxes this year have grown more strongly. But the rest of the state’s receipts fell by 9.3 percent. She said corporate income tax collections, which are down 25 percent from last year, remain a concern.

The state’s road fund revenue, which officials have predicted would decrease, increased by 0.8 percent.



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