KY Executive Branch Announces Surprise FY26 Budget Surplus

KY Executive Branch Announces Surprise FY26 Budget Surplus

Kentucky ended fiscal year 2026 with its seventh consecutive budget surplus, as General Fund receipts increased 1.7% to nearly $16 billion, according to the Office of the State Budget Director. Governor Andy Beshear said the state outperformed expectations after officials had projected a $156 million revenue shortfall in December. Instead, revenues finished $320.6 million above the enacted budget and $476.6 million above the official forecast. T…

Executive Branch Announces Surprise Budget Surplus

Kentucky ended fiscal year 2026 with its seventh consecutive budget surplus, as General Fund receipts increased 1.7% to nearly $16 billion, according to the Office of the State Budget Director. Governor Andy Beshear said the state outperformed expectations after officials had projected a $156 million revenue shortfall in December. Instead, revenues finished $320.6 million above the enacted budget and $476.6 million above the official forecast. T…

Beshear Highlights Budget Surplus, Economic Growth in Team Kentucky Update - The Lexington Times

FRANKFORT, Ky. — Gov. Andy Beshear highlighted record-breaking fiscal performance and continued economic momentum in a Team Kentucky Update, touting a budget surplus that exceeded expectations and major strides in job creation across the state. Kentucky ended its fiscal year with a $320 million budget surplus, marking the seventh consecutive year the state recorded such a surplus. The news represents a significant turnaround from earlier project…