State General, Road Fund receipts both up for March 2021

In News, State by OC Monitor Staff

FRANKFORT, Ky. — The Office of State Budget Director reported Monday that March’s General Fund receipts rose 9.0 percent compared to March of last year, an increase of $78.7 million. Total revenues for the month were $954.8 million, compared to $876.1 million during March 2020. Receipts have now grown 5.9 percent for the first nine months of FY21. For the just completed quarter, total General Fund collections grew 6.7 percent, the largest rate of growth this fiscal year.  Growth rates for three-quarters of FY21 have been 5.8, 5.3 and 6.7 percent, respectively.

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