FRANKFORT, Ky. (AP) — Officials say Kentucky will end the 2022 fiscal year with a budget surplus.
The Office of State Budget Director said general fund receipts totaled $14.7 billion, which exceeded estimates by more than $900 million. The office said in a statement that receipts grew by 14.6 percent over last year, making it the highest growth rate in 31 years.
Officials say road fund revenues totaled $1.67 billion, which was 2% more than last year, but just under estimates.
The final budget surplus will be figured when accounting records for expenditures are completed later this month.
