FY25 General Funds increased, Road Funds decreased from FY24

In News, State by Lee Bratcher

FRANKFORT, Ky. — The Office of State Budget Director reported Friday that General Fund receipts for fiscal year 2025 totaled $15,703.2 million, exceeding FY24 total revenue by $131.9 million, or 0.8 percent. General Fund revenues exceeded the official revenue estimates by a nearly identical amount, $131.3 million. The final budget surplus amount for FY25 will be known once the accounting records for expenditures are completed later this month. Road Fund revenues totaled $1,863.5 million, 0.6 percent less than the FY24 total. Compared to the official FY25 Road Fund estimate of $1,825.0 million, actual revenues exceeded the estimate by $38.5 million.

Get full access to the Ohio County Monitor and support quality local journalism with a $2.99 monthly subscription, which is now discounted 40%! That's only 10 cents per day! Or log in to read the rest of this content.