(The Center Square) – Kentucky once again had a banner year for tax collections as the state’s General Fund received $15.57 billion in revenue for the 2024 fiscal year, which ended on June 30.

In a release Thursday, the Office of State Budget Director reported the fund grew by $423.6 million, a 2.8% increase, from the previous fiscal year. It also beat the December estimate by $16.8 million, making that projection the most accurate since the state began its budget forecasts 28 years ago.