In a large mixing bowl, whisk together the softened butter and granulated sugar until light and fluffy. Add the honey, vanilla extract, and lemon extract, stirring until fully incorporated.

In a separate bowl, combine the salt, baking soda, and flour. Gradually add the dry ingredients to the wet mixture, alternating with the milk. Stir until a soft dough forms.

Divide the dough into two equal portions, wrap each in plastic wrap, and refrigerate for at least 1 hour. Chilling helps the dough firm up, making it easier to roll and cut.

Preheat the oven to 350°F. Lightly flour a clean surface and roll out the dough to ¼-inch thickness. Use cookie cutters to cut into desired shapes.

Arrange the cut-out cookies on a lined baking sheet, leaving a little space between each. Bake for 8 minutes or until the edges are lightly golden.

Transfer cookies to a wire rack and let them cool completely. Dip each cookie into melted candy melts, allowing the excess to drip off. Immediately sprinkle with rainbow sprinkles before the coating sets.

Let the cookies sit until the coating hardens, then enjoy your homemade circus cookies!