KY Revenue Deficit

A report says Kentucky’s state government faces a revenue deficit that could approach $500 million in the current fiscal year.The report details the impact the coronavirus has had on the state’s economy and revenue collections.It says the nosedive in Kentucky’s revenue collections is expected to continue into the first half of the next fiscal year, which begins in July.The report from state budget director John Hicks was released Thursday.

Source: MG News

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