By BRUCE SCHREINER Associated Press
FRANKFORT, Ky. (AP) — Kentucky collected record amounts of sales tax revenues in April, reflecting growing consumer spending in another sign of economic recovery from the coronavirus, Gov. Andy Beshear said.
Sales tax receipts for last month reached $486.5 million, the state’s best-ever total for an April, the governor said Thursday in citing preliminary figures.
The record-breaking collections were spurred in part by the latest round of federal stimulus checks and pent up spending after wintry weather in February, according to state budget officials.
The April amount was more than 40% higher than sales tax receipts collected in April 2020, when the economy was reeling from the pandemic.
The governor on Thursday pointed to the latest sales tax numbers as another indication that Kentucky’s economy is surging as more people get the COVID-19 vaccine.
“Anyone who suggests our economy is not open, we just had the best sales tax month for an April ever in our history,” Beshear said.
It was a response to some prominent Kentucky Republicans who have tried to ramp up pressure on the Democratic governor to set a date for fully reopening the state.
Earlier this week, a credit rating agency upgraded its assessment of Kentucky’s financial outlook. The state is predicting a massive General Fund surplus when the current fiscal year ends.