August brings growth to state's economy

Kentucky's General Fund tax receipts grew by 3.8 percent in August compared to last year. Total tax revenues for the month grew from nearly $664 million compared to $639 million in August 2012, state Budget Director Jane Driskell reported on Tuesday. Growth in sales tax revenues was encouraging, Driskell said in a news release, since sales tax revenues declined in the previous fiscal year. Strong construction activity boosted August tax collections.