Thu April 17, 2014
Kansas Lawmakers Prepare For 2015 Fiscal Forecast
Kansas officials are preparing a new fiscal forecast to guide Governor Brownback and lawmakers in making budget decisions.
The forecasters include legislative researchers, members of Brownback’s budget stuff, Department of Revenue officials, and university economists.
They’re meeting this afternoon to revise earlier revenue projections for the current fiscal year and for the fiscal year beginning in July.
Since July 2013, the state has collected $141 million dollars more than anticipated.
But total revenues are running 5.6 percent behind collections from the previous fiscal year because of personal income tax cuts the Governor pushed.
The current forecast, which was issued in November, predicts the state will have 5.9 billion dollars in revenue, this and next fiscal year.