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Dr. Ronald P. Rogers CHIROPRACTOR Support for your body's natural healing capabilities 270-384-5554 Click here for details 
  
Columbia Gas Dept. GAS LEAK or GAS SMELL Contact Numbers 24 hrs/ 365 days 270-384-2006 or 9-1-1 Call before you dig 
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General fund and road fund receipts for December 2018 General Fund receipts declined 0.8 Percent, Road Fund receipts rose 3.5 Percent Frankfort, KY - State Budget Director John Chilton reported on Wednesday that General Fund receipts fell 0.8 percent in December with revenues of $1,131.1 million. December's receipts declined marginally compared to the $1,140.0 million collected in December 2017. Through the first half of the fiscal year (FY19), the General Fund has grown 3.7 percent. The official General Fund revenue estimate for FY19 calls for revenue to grow 3.3 percent compared to FY18 actual receipts. Based on December's results, General Fund revenues must increase 3.0 percent for the remainder of the fiscal year to meet the official estimate. Despite the slight decline in General Fund receipts in December, Chilton remained positive in his assessment of December's activity. "Sales and use taxes grew by 10.5 percent in December, reaching double-digit growth for the second consecutive months. This surge in consumption taxes is directly attributable to the expansion of the sales tax base and our ongoing efforts to capture a higher percentage of online sales. December's decline in General Fund receipts is primarily due to weakness in individual income tax receipts. The monthly setback was anticipated due to a one-time spike in estimated tax payments in December 2017, where taxpayers were accelerating state income tax payments in response to the Federal changes limiting the deductibility of state taxes beginning in 2018. The income tax grew 14.2 percent, fueling General Fund growth of 11.2 percent. December 2017 was the highest month of General Fund receipts on record, thus created a tremendous challenge for growth in December 2018. Despite the slight decline in December 2018, we are pleased at the pace of General Fund revenue collections received thus far in FY19." Among the major General Fund accounts:
Road Fund receipts grew 3.5 percent in December with collections of $117.1 million. Year-to-date collections have grown 4.3 percent compared to last year's total. Despite declines in Road Fund revenue in FY15 and FY16, followed by anemic growth in FY17 and FY18, receipts have now risen in eight of the past ten months. The official Road Fund revenue estimate calls for a 0.3 percent decrease in receipts for the entire fiscal year (FY19). Based on year-to-date collections, revenues can fall 4.7 percent for the remainder of the fiscal year to meet that estimate. Among the Road Fund accounts:
This story was posted on 2019-01-10 04:39:17
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115 Jamestown St. Columbia, KY. 270-384-2496 
  
   
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