FRANKFORT, KY (STL.News) This week the string of positive economic news continued in the commonwealth. Kentucky’s sales tax receipts from April hit $486.5 million and our vehicle usage tax receipts hit over $64 million. These are the highest ever reported in the history of the commonwealth and they are generated solely from economic activity.
Fitch Ratings – one of the nation’s Big 3 credit rating agencies – also boosted its view of Kentucky’s financial outlook because of our “solid economic recovery” and fiscal management, which included delivering two balanced budgets and building the state’s largest-ever rainy day fund balance despite the pressures posed by the pandemic.
These successes would stand out at any time, but they’re particularly notable as some partisan politicians claim I need to “reopen Kentucky.”
Our economy is heating up. We are doing it right – safely and sustainably.
Galatians 6:9 states: “So let us not become tired of doing good; for if we do not give up, the time will come when we will reap the harvest.”
That’s why we’re picking up economic momentum without putting our people at risk. We are lifting more restrictions each month as we get more folks vaccinated, open our schools and protect our neighbors from this virus that has already killed more than 6,500 Kentuckians.