The 100,000-plus race fans expected at the end of the month at Kentucky Speedway won’t get stuck in traffic this year, Gov. Steve Beshear said Monday, according to the Kentucky Enquirer.
The $3.7 million worth of road improvements by the state and an $8 million to $10 million private investment from the speedway’s owner, Speedway Motorsports Inc., will prevent a repeat of the traffic backup during last year’s inaugural Quaker State 400 NASCAR Sprint Cup race, Beshear and track officials said.
In 2011, more than 13,000 fans missed the race as traffic backed up onto Interstate 71.
The Office of State Budget Director reported Monday that May’s General Fund receipts fell 2.3 percent compared to May of last year, a decrease of $17.2 million. Total revenues for the month were $733.1 million, compared to $750.3 million during May 2011. Receipts have now grown 3.2 percent for the first 11 months of FY12.
The enacted budget calls for 2.8 percent revenue growth for the entire fiscal year. To meet the official revenue estimate, receipts can decrease 0.4 percent over the final month of the fiscal year.
States expect to collect higher tax revenue in the coming budget year that combined would top pre-recession levels, according to a survey released Tuesday, reports USA TODAY.
The increase could reduce pressure on states to cut budgets and lay off workers.
A slowly healing job market and modest economic growth have boosted sales and income taxes, which provide nearly three-quarters of state revenue. Corporate income taxes are also growing, the paper reports.
The Fifth Third Bank Financial Empowerment Mobile, a 40-foot bus focused on improving financial literacy, is making four stops in Lexington and one in Richmond through Saturday, reports the Lexington Herald Leader.
Among the free services offered is a copy and review your credit report with a professional, personalized evaluation of your finances and a consultation on preventing a foreclosure.